Javzmaa, 38, is married and lives with her husband and three children in Ulaanbaatar, the capital of Mongolia. Her husband works as a police officer, her two older sons attend a local secondary school while the youngest child goes to a kindergarten.
She began selling children's clothing at Narantuul, the biggest outdoor market in Ulaanbaatar, in 2003. Then she expanded her business and started renting an additional stall at an indoor market. Now she operates her indoor stall by herself and has hired a salesperson for her stall in Naratuul. She is also renting a third stall in a bigger trading center and providing a workplace for her siblings.
Her current working capital is 9,500,000 Mongolian tugriks (MNT). She is a hardworking and reliable person who says, "I am trying to expand my business as much as possible and save money in order to buy an apartment."
She is requesting a loan of 3,000,000 MNT to purchase more clothing to sell at her newly rented stall.
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.