Having worked in a tailoring business for many years, she gained much experience as a seamstress. She started her own business in 1992 after retiring from a dressmaking company, and over the years has expanded her product line to make a variety of evening dresses. She has built a positive reputation amongst her customers because of the good quality of her products.
A modest woman, Buyantogtoh is requesting a 1,500,000 MNT loan in order to purchase more fabrics and finishing materials for 1,250,000 MNT and a new sewing machine for her business at 250,000 MNT.
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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Success!! The loan was 100% repaid