Bataa is a 39-year-old widow who lives with her two daughters in a ger, the Mongolian traditional nomadic housing tent, in Uvurhangai province, Mongolia. Her older daughter is a student, while her younger daughter is a pupil. She manages a food cafe in her town.
She started her business in 2004 at a rented booth at a local secondary school. She prepares and provides both teachers' and students' meals at her food cafe. She employs two workers, the chief cook and the assistant cook. Her food cafe offers a variety of delicious sandwiches, salads, smoothies, coffee and more. Therefore, students are delighted to receive service at her cafe.
She is a diligent woman who attributes her business success to her good accounting skills. She says, "After my husband's death it was hard to feed and educate my children. But now we have learned to earn money, which fills our needs."
Bataa is requesting a 3,100,000 MNT of loan to purchase vegetables, flour and some seasonings for her business.
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.