Lhamsuren, 43, is married and lives with her husband and two children in the Baganuur district of Ulaanbaatar, the capital of Mongolia. Her husband works as an engineer and both of her children attend a local secondary school.
She has been operating a clothing-trading business since 1996. She rents a stall at an outdoor market, where she sells a variety of clothes, such as hats, scarves and other outerwear, depending on the seasons.
She wants to expand her business and operate her own store in the future. She is a modest and hardworking person who says, "I would like to have my own store in the future."
Lhamsuren is requesting a loan of 2,300,000 Mongolian tugriks to purchase spring and summer clothes 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.