Densmaa T. is a 50-year-old married woman who lives with her husband and three children in Uvurhangai province, Mongolia. Her husband works as a veterinarian in the province while her son is a monk who studies and lives in a monastery. Her family's standard of living was very poor so she used to sell meals standing near a gas station.
She started her clothes sales business in a rented stall at the local market by selling children's clothes which is not profitable. Therefore, she began to sell a variety of pants and trousers in a rented stall in the local market and has built a successful operation. Over the years, she has gained much experience in her trade.
Densmaa is a very hardworking woman and is requesting a 1,700,000 MNT loan to purchase products and supplies 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.