Anhbayr is 29 years-old and lives with her husband in Zavhan province, Mongolia. She and her husband live together in an apartment which they own. Her husband operates a transportation business and transports his customers between the provinces. During the day, Anhbayr operates a consumer goods trading business in her town. She sells a variety of goods as well as clothing to her many customers. Anhbayr has been operating her business since 2008 and has steadily expanded her business. Before starting her own independent business, she worked with her parents who operated a consumer goods trading business. Anhbayar has gained much experience in previous years as a businesswoman. She says, “I am working hard to create my own workplace in the future.” She is requesting a 2,500,000 tugrug (~ 18000 USD) loan to purchase more inventory for spring and autumn from Ereen, a Chinese border town.
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.