Samba is a 58 year old woman who lives with her grandson in Uvurhangai province in Central Mongolia. Since her daughter died, she left to live with her daughter's son. She started garment retails business in 2000. First, she used to be alone for the business, now she has 2 shop counters and employs 2 assistants there. She brings the supplies from China. She has expanded the business significantly in those years. Samba is a diligent woman who says that "I would like to expand the business activity by buying the supplies in large quantities to save the transportation expenses. I have a further plan to save for my grandson's future." The total amount she is re questing is 2,000,000 MNT to buy more garments.
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.