Gantumur B. is 41 years old and lives with her husband and two sons in a house in the Sansar area of Ulaanbaatar, the capital city of Mongolia.
Her husband manages a bag-trading business at a local market. Her older son is a student while the younger one is a pupil.
Gantumur manages a clothing-making business at her rented workshop. She started her business in 2000 and has managed to stabilize it. Before her business operation, she worked as a nurse and as a tailor for several years. Now she is well known and well respected among her customers.
Her working capital has reached 1,000,000 MNT with daily earning of 30,000 MNT. She is a diligent woman who says, "My husband and I work hard in order to feed my children. So we lack time to spend with our children."
She is requesting a 2,000,000 MNT loan to purchase materials used in making clothes in order to sell them during the time of student graduation paries.
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.