Dorjsuren operates a clothing business in a rented workplace next to a silk market where she makes a variety of clothing. She started her clothing business in 2007 and because the clothing has been so popular, she has been able to hire an assistant. Her business is in a popular spot that attracts many customers. She is a very responsible and hardworking person and says, " All I want is to help complete my son's education." Dorjsuren is requesting a 1,200,000 MNT loan to enlarge her home's fence and to pay her son's tuition fees.
About XacBankThis 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.
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