Tserendolgor is a twenty-seven-year-old woman who lives with her husband, mother, and two children in suburban area of Ulaanbaatar city, Mongolia. Her husband is employed. The oldest child goes to kindergarden. She started a construction-material retail business based on her experience of working as a shop assistant. She trades the products at a good price and now the business activity is stable.
Tserendolgor is a diligent woman who says that "I would like to develop the business activity by purchasing supplies in large quantities. I am planning to trade them wholesale as the construction season is starting here".
The total amount she is requesting is 2,500,000 MNT to buy construction supplies.
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.