Byerdigul is 21 years old. She lives with her husband and son in a house in Bayan-Ulgii province, Mongolia. Her son, Yernar, is one year old. Byerdigul started a food store business four months ago. She brings the supplies from the city, and her husband works in the store with her. They already have many regular customers who appreciate the goods and the service. Byerdigul is a bright young woman who says, "I would like to expand my business by getting the supplies in large quantities." The total amount she is requesting is 1,500,000 MNT to purchase food store supplies to expand 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.