Tsetsegbayar is 41 years old and lives with her fiance and two children in Ulaanbaatar, the capital city of Mongolia. She and her family live together in their own house and fence. Her daughters both attend university and Tsetsegbayar operates a used clothing retail business in the Narantuul market, one of the largest and most crowded markets in Ulaanbaatar, with the help of her fiance. She began her business in 2000 and has gained much experience over the years. Tsetsegbayar is an honest person and says, "I plan to approve our marriage very soon." She is requesting a 3,000,000 MNT loan to increase her product line of children's clothes for her second hand clothes trading 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.