Altantuul operates a shoemaking business at home and sells at wholesale prices in the “Narantuul”, a market in Ulaanbaatar. Altantuul sews traditional Mongolian shoes according to her customers' orders. She started her business in 2003 and has since gained much experience as a shoemaker. Altantuul is a hardworking person and is requesting a 3,000,000 MNT loan to purchase materials and supplies for her business.
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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