Bujintuul is 27 years old and lives with her parents and two children in a house and fence in the Suhbaatar district of Ulaanbaatar, the capital city of Mongolia. Her daughter, age 4, is in a kindergarten and her husband currently lives and works in Korea. Bujintuul operates a leather paintings and goods manufacturing business. She makes a variety of leather paintings and souvenir products such as slipper, key chain and bag etc, to sell at the local markets. She started her business in 2006 after working as a painter for the "Mon-Tulga" company since 2003. She is requesting a 2,500,000 MNT loan to purchase leather cutting machine to make her souvenir products.
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.