Lhagva D. lives with her husband and four children in Hentiy province of Mongolia. She and her family all live together in a ger, a traditional Mongolian nomadic housing tent. Her two oldest sons, Munhbaatar and Tumurbaatar, both have work in different places, while her younger daughter, Nandintsetseg attends university and the youngest daughter, Tsolmonpurev, studies at a local high school. Her husband is retired and stays at home.
Lhagva supports the entire family by operating a clothes making business. She repairs, and produces a variety of clothing items for her customers at a small rented workspace. She started her sewing business in 1973 by herself. Since then, she has gained many years of work experience and has built a stable operation. Today she owns 3 different kinds of sewing machines and tools that help her to design and sew the traditional Mongolian clothes. Her daily business income is around 20,000-22,000 MNT. From additional service and clothes repair, her monthly average income is approximately 900,000-1,200,000 MNT. In the future, she hopes to have her own house.
Lhagva is a very helpful and kind person and says, "I have been sewing traditional clothes for my entire life. Nowadays, I increased my production line and produce clothing and other home items according to my customer's specification. By sewing clothes, I can raise my children well, and so I am very proud of being a seamstress". She is requesting a 1,900,000 MNT loan in order to purchase fabrics and materials to make school uniforms.
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.