Odonchimeg C. is 35 years old and lives with her daughter in the Tuv province of central Mongolia. They live together in a ger, a traditional Mongolian tent home. Her daughter attends a local school and Odonchimeg operates a meat trading business, which she started in 2006.
She has gained much selling experience over the years and has built a a very positive reputation among her many customers.
Her parents are herders in countryside and she gives her purchased livestock to her parents so that she can sell when prices of livestock rise.
After years of operation, she has establish a stable business and her earnings have enabled her to decorate her entire home. For the future, she hopes to continue to grow her business and start saving for her daughter's future tuition fees.
Odonchimeg is a clever and hardworking person. She is requesting a 1,000,000 MNT loan to purchase more meat to sell.
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.