Nandintsetseg used to work as a tailor in a clothing factory between 2000 and 2003 in Ulaanbaatar, the capital of Mongolia. In 2004 she moved from Ulaanbaatar to her current home. In 2007 she began manufacturing felt handicrafts. She bought a couple of sewing machines for her business in 2009 with the money she made from her business. Afterward she began making deels, traditional Mongolian long coats, as well as modern clothing by custom order at home.
She is planning to rent a location to open her workshop and she hopes to hire a couple of tailors to work with her. She is requesting a loan of 2,000,000 MNT to purchase a couple of sewing machines for the workshop that she is going to open soon. She is a hardworking and active person who says, "I wish to operate my own tailoring business where I can produce many kinds of clothes with my own employees in the future."
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
A loan of $1,625 helped Nandintsetseg to purchase new sewing machines to grow her business.