Amarbayasgalan is a 40-year-old woman who lives with her husband and 3 children in small house in Mongolia's Orhon Province. Her husband Tumenbayar, 44, is a construction engineer and also helps her operate her shoemaking business during the winter. Her son Anhbayar, 18, is a university student in Russia with scholarship, and her 2 daughters, Enhjin and Nomin, are secondary school students. She and her husband take care of their children and are very concerned about their children's education. She has been operating her shoemaking business since 1998. She has built strong relationships with her customers, who trust her deeply.
Amarbayasgalan is requesting a loan of 3,900,000 MNT to purchase inventory and a sewing machine to start producing felt home slippers for her customers during winter. She is a friendly, open-minded and hardworking woman.
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.