Munhjav G. is 38 years old and lives with her husband and four children in Hovd province, western Mongolia. The family lives in a ger, the traditional Mongolian nomadic housing tent.
Munhjav currently operates a clothing trade business in her town to support her family. She started her business in 2009 and since then it has become stable. Her husband runs a transportation service throughout the province.
Munhjav has found success in her new trade and attributes this to her good business knowledge and selling skills. She is very hardworking and optimistic and is very persistent in achieving her goals. She says, "My business is continuing quite well. I run it with my friends, but I want to purchase a container where I will sell the products and work separately and independently from my friends someday."
Munhjav is requesting a 3,000,000 MNT loan to purchase and import more clothes for her business from Erlian, a city of China. Munhjav is in the middle of the picture.
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.