Undraa is 50-years-old and lives with her husband in a ger (Mongolian yurt) in Ulaanbaatar dictrict, Mongolia. Her husband is a retired old man.
She started her grocery retailing business in 2001. Her business is stable. Now that her kids are grown and educated, she wants to concentrate on her business. She is planning to expand her workspace and sell additional products. She is a hardworking and diligent woman who says, "My business has served me well. My kids are educated and independent. Now it's time to concentrate on my business."
She is requesting 1,500,000 MNT to buy consrtuction materials to repair her store and purchase some grocery 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.