Onon G. is 35-year-old widow who lives with her daughter in an apartment in the Yaarmag Han-Uul district of Ulaanbaatar, the capital city of Mongolia. Her husband died a year ago and she was left alone with her daughter who attends local secondary school.
She manages a clothing-making business in Ulaanbaatar city. She started her business based on her designer qualifications and skills. She graduated from the Institute of Art with a bachelor's degree in design in 1998. Her business has been quite successful, which has allowed her to employ four more workers. She is planning to continue her business in the future.
Besides managing her business operation, she works as a bursar at a private company. She is a hardworking woman who says, "I love my job and I want to continue it."
She is requesting a 3,000,000 MNT loan to purchase a sewing machine and some materials 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.