Mrs. Battsetseg is 27 years old and lives with her husband and son in the Bayanhoshuu area of Ulaanbaatar, Mongolia. Her husband Erdenebat is 29 years old and helps his wife to run their family business. Her son Tengis is one years old and he just started going to kindergarten. Battsetseg and her husband have been selling children's clothing from a rental counter at the local market since 2010. They are well-experienced, communicative and friendly people. They want to buy a plot of land and build their own small house from their business profits. Currently, they live on their parents' plot of land in a Ger. Battsetseg is now requesting a loan of 3,000,000 MNT to purchase a large amount of children's clothing to sell to local customers.
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.