Battogtoh is 33-years-old and lives with her children and a husband in a ger (Mongolian yurt) in the Uvs province of Mongolia. Her children are in school and her husband helps with her business. She operates a grocery trading business.
She started her business in 2007 by purchasing a counter in a local market. Her current assets are 8,000,000 MNT. She has gained a recognition from her clients and customers. She is planning to expand her business in the future. She is a hardworking and diligent woman who says, "I have a plan to expand my business by increasing my assets." She is requesting a 2,300,000 MNT loan to purchase grocery products from Ulaanbaatar.
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.