She has worked hard over the years to gain experience and build a loyal customer base. In 2005, she began operating a sewing workshop with three other sewers. Her business is very important to her and she attributes her success to her good communication skills. Erdenebileg is optimistic about the future and says, "I would like to expand my sewing workshop into a company in the future." She is requesting an 800,000 tugrug (~ 590 USD) loan to purchase more materials and fabrics for her sewing 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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