Zeesee B. is 45 years old and lives with her husband and four children in their own ger (the traditional nomadic housing tent) in Hovd province, western Mongolia. Her husband is a gardener while her youngest daughter attends a local high school.
Zeesee began her business in 2005 with the help of her daughter and, since then, her business has been stable. With her business earnings she was enabled to rent a stall at a local market and increase the number and variety of her products.
Zeesee is requesting a 1,900,000 MNT loan to purchase a large number of plumbing parts to sell before the upcoming winter season.
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.