Mrs. Jantolhin is 25 years old. She lives with her husband and children in a house in Bayan-Ulgii province, Mongolia. Her older son Alikhan is two years old. Her younger child, Yersultan, is one years old. They stay at home. She started to work at the car wash center with her husband two years ago. Her husband also runs a motorcycle taxi business. She is buying a new car, which would let her husband run a taxi service in town to increase their family income. She is requesting a loan of 4,600,000 MNT to buy a car for her husband's taxi service.
This loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.