Alimaa is 49 years old and lives in a small house in Dundgovi province, Mongolia. Her children are married and live on their own.
She started her own business selling clothing and shoes at the local market in 1996. She has lot of experience in this business and she paid her children's educational expenses from her business profits. She is a hard working, strong and enthusiastic woman. She is one of the good customers of XacBank who has a good previous loan record with no delinquency. She is now requesting loan of 5,000,000 MNT to purchase a large amount of merchandise to sell at her counter.
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.