Delgermaa, 28, is married and lives with her two children in Ulaanbaatar, the capital of Mongolia. They live in a 'ger', a Mongolian nomadic housing tent, on a small plot of land that they own. Her husband currently works in Korea with the contract of labor force exchange between two countries. Delgermaa's elder daughter attends a local secondary school.
Delgermaa began retail trading of textiles and clothes in 2003. Now she rents a stall at a trading center and sells clothes, textiles and children's clothing. She always tries to sell good quality items so that she attracts many customers. She is a hard-working and initiative person who says, "My business is becoming more stable now. I want to expand my business and start manufacturing children's clothes with good quality materials." She is requesting a loan of 3,000,000 MNT to purchase more clothes and textiles from Russia 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.