Tsetsegdulam is 30 years old and lives with her son in the Baganuur district of Ulaanbaatar, the capital city of Mongolia. She and her family live together in their own apartment. Her husband was in a mining accident and receives a disability pension.
Tsetsegdulam has been operating her wholesale Mongolian products business for four years. Recently, domestically produced Mongolian products have become rarer, and she has been selling only underwear and scarfs made in Mongolia.
Tsetsegdulam is a very hardworking person. She says, “I'm spending a lot of time and money for my husband's treatment because it's so important to us, and I would like to see my husband recovered.”
Tsetsegdulam is requesting a 4,000,000 tugrug loan to increase her inventory of scarfs, socks, and underwear.
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.