Tsetsegbayar is 26 years old and lives with her husband and daughter in Arhangai province, Mongolia. She and her family live together in a 'ger', which is a traditional Mongolian nomadic housing tent. Her husband, Erdenehuu, operates a taxi service and always supports Tsetsegbayar's business.
Tsetsegbayar operates a beauty products trading business in her town. She started her business in 2005 with working capital of 500,000 MNT. After years of successful operations she has managed to increase her working capital to a level exceeding 1,300,000 MNT.
Tsetsegbayar has built a loyal customer base and gained significant experience over the past five years. She is an honest person and focused on the future. Tsetsegbayar always tries to supply high quality products to her customers. She is requesting a 1,000,000 MNT loan to purchase beauty products for her 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.