Urantogs rents a small stall in the Narantuul market, the largest outdoor market in Ulaanbaatar, and sells her imported clothing at the stall. Her family lives in Ulaanbaatar's ger district, where most of the residents live in traditional felt-walled yurts which do not have running water. She hopes one day to be able to afford to live in an apartment with hot running water.
Urantogs says that she is working hard to make her dreams come true. She requests a loan to purchase more clothing from Ereen for her business.
About XacBankThis 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.
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