Bayasgalan is 57 years old and lives with her husband and two kids in a ger (Mongolian yurt) in Dornod Province, Mongolia. Her husband is a security guard and her two kids are unemployed. She started her construction material retail business in 2000 by renting a counter in a market. Her business location is good and stable. Over the years, she has gained many trusted suppliers and customers. Since her income is the main income in the family, she has to work hard in order to support them. She is requesting 3,000,000 MNT to buy more construction supplies. She is a sharp and hard-working woman who says, "My income is not enough to support my family. I have to do something."
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.