Otgontuul, 43, is married and lives with her husband and three children in Ulaanbaatar, the capital of Mongolia. They live in their own house on a small plot of land that they have owned since 2008. They used to live in the countryside and moved to Ulaanbaatar in 2008. They have an average standard of living. In 2005 Otgontuul began sewing dels, Mongolian traditional long coats. She makes the dels at home and sells them out of a rented stall at the local market. She has built a good reputation, and she gets regular custom orders. During special occasions or holidays, she generally gets more custom orders. Her business is growing, as the number of people who prefer to wear traditional clothing is increasing. She is a hardworking person who says, " I try to make much better traditional clothes and attract my customers while advertising the traditional clothing." She is requesting a loan of 2,500,000 MNT to purchase more materials to make clothing.
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.