Erevgiilham D. is 46 years old and lives with her husband and three children in Tuv province in central Mongolia. She and her family live together in a ger, a traditional Mongolian nomadic tent. Her daughter attends a local middle school, and the son is a student. Her husband works as a guard in a local military unit.
Eregviilham operates a needlework business where she sews many different household products and makes a variety of clothing. She graduated from a college in 1985 as a seamstress and worked in a public company until it was later privatized. She began her business in 2006.
Her dream is to expand her small sewing shop into a bigger operation where she would productively operate her needlework business. She is a modest, hardworking woman who is requesting a 2,000,000 MNT loan in order to purchase a sewing machine 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.