Odsaihan is 24 years old and lives with her brother in an apartment in Tuv province in central Mongolia. Her brother works as a taxi driver, using his own car.
Odsaihan operates a vegetable business out of a stall at the local trade center in her town. She began her grocery business in 2010 after operating a cosmetic-products business, which was started in 2008. Her current business has proven profitable.
Odsuren is a very creative and clever young lady and says, "I plan to expand my business further so that I can help with my sibling to start operating (a) new business in the future."
She is requesting a 2,500,000 Mongolian tugriks loan to enlarge and improve her stall, where she sells her 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.