Naransaruulzaya, 32, is divorced and lives with her parents, younger brother and her child in Baganuur district of Ulaanbaatar, the capital of Mongolia. Her parents are retired and her brother attends a local secondary school. Naransaruulzaya makes and sells traditional clothing in cooperation with her mother. Her mother worked as a tailor before she retired. She grew up watching her mother sew clothes and it helped her a lot to become a seamstress and gave her experience to begin her business. They have regular customers and mostly make traditional clothing to order. They want to expand their business and operate a bigger workshop, so that they can take in more work. Naransaruulzaya is a hardworking person who says, "I want to expand my business and have a workshop with 4 or 5 employees." She is requesting a loan of 1,000,000 MNT to buy a couple of new sewing machines and more material for the 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.