Munhtsetseg, an experienced trader who has many plans for the future, says, "I would like to expand my business and purchase my own shipping container for my business." She is now requesting a 2,300,000 tugrug (~ 1685 USD) loan to purchase a large amount of inventory including clothing and consumer goods because demand for her products is increasing.
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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