Mrs. Byambaa is 51 years old lives with her husband and a daughter in their house in Dundgovi province, Mongolia. Her husband, Sodnom, provides welding and auto repair services on their plot of land. Her daughter, Solongo, is 11 and attends the local school.
Byambaa has been running her small cafeteria since 2008. She already has regular customers who appreciate her tasty and affordable food. She is now requesting loan of 4,500,000 MNT to purchase a large amount of meat before the meat price increases to the top. This is so that she will be able to provide healthy and affordable food to local customers. She is a hardworking and caring woman.
Meat supply in Mongolia reduces during spring and it becomes normal around summer.
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.