Munhtur sells adult and children's clothing in her community, a business she started recently after having operated a meat sales business in a rented stall for three years. Hoping to ensure the stable operation operation of her new business, she is requesting a 500,000 MNT loan to import winter boots from Erlian, China's border city.
A modest and hardworking person, Munhtur says, " My only wish is to provide a good educational background for all my children. "
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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