Tsetsegsuren is 45 years old and lives with her son in the Suhbaatar district of Ulaanbaatar, the capital of Mongolia. They live in a house on a small plot of land that they own. Her son attends college.
Tsetsegsuren began her business as a tailor after graduating from college as a designer in 1990. She worked at a small clothing factory as a tailor. In 2000, she started selling construction materials at a local market. Now she rents a stall at a trading center and her business has become more stable.
Tsetsegsuren is a hardworking and polite person who wants to expand her business and increase her profit. She is requesting a loan of 2,500,000 MNT to purchase more construction materials for her 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.