Nandintsetseg began operating a clothing sales business in 2007 after she graduated from high school in 2006. In addition to her clothing business, she participates in every kind of social activity. Nandintsetseg rents a stall at a local market and she wants to enlarge it by expanding her business. She is a hardworking person who says, "I would like to have my own container which I can operate as a clothing store in the future." She is requesting a loan of 1,000,000 MNT to purchase more clothing in order to increase her working capital.
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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