Batzaya, 31, lives with her husband in Ulaanbaatar, the capital of Mongolia. They live in a ger, which is a Mongolian nomadic housing tent, on the outskirts of the city.
Batzaya started her retail trading business in 1998. Now she sells clothing at a local market. Her husband owns a car which he sometimes uses as a taxi in order to support his wife's business. Batzaya is a modest person who wants to expand her business in order to buy a house where she and her husband can live a comfortable life. She is requesting a loan of 2,500,000 MNT to purchase more clothing for her business and to increase her working capital.
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.