Gantuguldur J. is 32 years old and lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. She and her family live together in their own apartment, which she has purchased recently. Gantuguldur's husband helps with her sewing business and the daughter attends a primary school, while the son goes to a kindergarten in his district. She began her business in 1995 after working as a dressmaker for several years. At first, she sold her products herself out of a rented stall in Narantuul-the biggest and crowdest market of Ulaanbaatar. Now she has expanded her business with three employees and changed her workplace into a bigger and more convenient market called Sunday Plaza. She owns many different sewing machines and designs and sews the clothing according to her customers' tastes. Because of her beautiful designs and the quality craftsmanship of the clothes, Gantuguldur has a large, loyal customer base. She says, “All I want is to grow my business and to open a big manufacturing business”. Gantuguldur is requesting a 3,500,000 MNT loan in order to purchase a bigger-size stall at Sunday Plaza market.
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.