Shinehuu, 52, is divorced and lives with her daughter in Ulaanbaatar, the capital of Mongolia. Her two older children got married and she lives in a ger, a Mongolian nomadic housing tent, in her son's backyard.
Shinehuu came to live in Ulaanbaatar in 2009 and began operating a tailor shop. She wants to expand her business and create work places as her daughter is currently unemployed. She is a hardworking person with initiative who says, "I would like to expand my business in order to give jobs to other people including my daughter." She is requesting a loan of 1,000,000 Mongolian tugriks (MNT) to buy additional stitching machines 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.