Purevjav is 32 years old and lives with her three children in Tuv province, Mongolia. She and her children live together in an apartment. All three of her children attend a local secondary school. They have been living in their current home for 25 years. Purevjav operates a clothing trading business in her town in partnership with her sibling. Purevjav sells a variety of clothes out of a rental stall at the local market. She has been expanding the stall and providing for her family expenses with her business profit. Purevjav is optimistic about the future and hopes to grow her business into a stable operation. Her business is very important to her and she hopes her future earnings will continue to improve her family's quality of life. Purevjav says, “My dream is to one day have my own clothing trading store. Furthermore, I would like to bring up my children in the proper way and be financially ready for my daughter's future life.” She is requesting a 1,500,000-tugrugs loan to purchase variety of clothes at wholesale price and resell them at a profit.
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.