Tseepil is 25 years old and lives with her older sister in a ger, a Mongolian traditional nomadic housing tent, in the Sansar area of Ulaanbaatar, the capital city of Mongolia.
She manages a wool product making and trading business in Ulaanbaatar city. She makes variety of wool clothes such as shirts, pants, socks and gloves for all ages. Also she rents a stall and operates trading of clothes.
Previously, she used to work at a private company that manufactures wool products. There she gained much experience and knowledge needed in starting her own business. Since 2009 she start to sale clothes, which are imports from China.
Now she rents a stall at a trading center in order to sell her products and clothes from China.
She is a polite woman who says, "I am planning to broaden the collection of my clothes."
She is requesting a 2,000,000 MNT loan to purchase more clothes from China to sell at her stall.
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.