Sodtsetseg is 30 years old and lives with her husband and three children in a ger, a Mongolian yurt, in Hovd province of Mongolia. All her children, one daughter and twins, go to a kindergarten and her husband works as a fireman. She manages a clothes trading business in her town. She started her business after conducting a PC game place for several years. During her five years of business operation, she has gained much experience and built a strong customer base. She is a friendly woman who says, "I am happy to manage my own business, because I don’t have to ask someone to give me money." She is requesting a 1,500,000 MNT loan to purchase more 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.