In 2008 Baasanjav began her current business selling clothes. She rents a stall at the Baku trade center to sell her goods. She uses the profits she makes from her clothing business to pay bank loans and support the needs of her family. She now has many regular customers and is running a stable business. She is requesting a loan of 2,000,000 MNT to purchase more clothing 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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