Ts. Uurtsaih is 38 years old and lives with her husband, son and daughter in Uvurkhangai province in central Mongolia. Their home is a ger, a traditional Mongolian nomadic tent. Both of her children currently attend the local high school. Uurtsaih operates a mobile grocery store that sells products to people who live in her area. She transports food from the capital to the countryside and sells directly to farmers and herders. She then purchases raw goods from herders, and transports them to Ulaanbaater, Mongolia's capital city, for sale.
Uurtsaih started her business in 2000 and has been successful. She works hard everyday to expand her business and hopes to provide a high-quality life to her two children. It is her dream that both become well-educated, good people. She is requesting a 2,000,000 tugrug ($1,425) loan to buy supplies and storage space for her business.
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.