Nyamtseren is 31 years old and lives with her parents and three children in Uvurhangay province of Mongolia. They live in a house on a small plot of land that they have owned since 2007. Nyamtseren began retail trading of consumer goods in 2006. She bought a big container with her business revenue in 2008, which she operates as a clothing shop. In the summertime, she sells clothing by travelling to the countryside by car. She has gained much business experience so far. She is trying to expand her business and increase her working capital. She is a hardworking person with initiative. She is requesting a loan of 3,500,000 tugriks to purchase more 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.