Naljirmaa Y. , age 57-year-old, lives with her husband and two children in a ger, a traditional Mongolian nomadic tent. Her younger son attends University. She used to work in a local school as a teacher and has retired in 2009. Since then, she rents and operates a cafe at a local school with help of her husband. She plans to purchase more tools and equipments for her cafe and make her cafe more convenient and comfortable. She hopes to expand her products line in order to attract more customers. She is very laborious and open minded person and says " I will increase my business profits and help my son to create his own family." Naljirmaa is requesting a 1,500,000 MNT loan to decorate her cafe and purchase equipment and supplies such as chairs and tables
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.