Orlom is 37 years old and lives with her husband and five children in Hovd province, Mongolia. She and her family live together in a ger, which is a traditional Mongolian nomadic housing tent. All of her children, three sons and two daughters, attend a local secondary school. They have been living in their current home for five years.
Orlom operates a clothing trading business out of a shipping container at the local market in her town. She sells a variety of men's and women's clothing items to her many customers. She has been operating her business since 2003 and has steadily grown her business.
Orlom is a very open-minded person and has good business sense. Last October she used her earnings to purchase another container at a different location in the town to expand her business. Orlom's business is very important for her and she says, “It seemed that people who have two containers make more profit. Therefore, I purchased a new container for my business. Now it is important for me to purchase more inventory.”
Orlam hopes to continue to grow her business in the future and is requesting a 2,000,000 tugrug loan to purchase a variety of new inventory for her clothing trading 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.