Gantumur is 30 years old and lives in a ger, a traditional Mongolian nomadic housing tent, in the Hovd province of Mongolia.
She conducts a clothing trading business in her town. She started her business in 2009 and gained much experience. Before her current business, she sold fruits at a local market for four years. With her earning she managed to buy a truck in order to start a transportation business with the help of her younger brother. She also had a chance to move her business indoors in order to have heating in winter time.
She is a polite woman who says, "I am planning to expand my business and have my own container in order to improve my business." She is requesting a 3,000,000 MNT loan to purchase some clothes 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.