Tumurchudur L. lives with her husband in Uvurhangai province in central Mongolia. She lives with her husband in a ger, a traditional Mongolian nomadic tent home. Her husband is a decorator and operates a construction business in his town during the summer months. In the winter, he helps his wife with her business. Tumurchudur operates a small cafe in a rented pavilion in her town. She started this business in 2006 and has built a stable operation. After years of successful operation, she managed to expand her business by purchasing a new ice cream machine. Her cafe specializes in making a variety of traditional Mongolian meals and is a popular dining establishment in her community. For the future, she is planning to own a pavilion that she currently rents. Her earnings have enabled her to purchase her own land with a fence. She is preparing to build a new house in her yard. She is very intelligent, modest, and hardworking. She says, "I used to run a dairy products trading business. In the future, I want to open my own dairy production factory based on my knowledge and skill." She is requesting a 2,500,000 MNT loan to purchase food supplies.
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.