Avdoldo is 42 years old and lives with her husband and three children in a ger (a Mongolian yurt) in Hovd province in northern Mongolia. She is an entrepreneur who does construction decoration with her husband. Since it is seasonal work, she cannot earn money in winter time, which lasts about five months. So she would like to run a garment retailing business so that she will have a regular job and earn for the family's needs. But she needs financial support to buy the supplies. She has made some research towards the business and found a perfect shop counter for it. She's an intelligent women who says, "I would like to live happily with my family earning in 4 seasons". The total amount she's requesting is 1,500,000 MNT to buy the clothes and start 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.