Gerlee is 42 years old and lives with her husband and son in a ger (Mongolian yurt) in Uvs province of Mongolia. Her husband is a driver who operates his own taxi service business. She manages a shoe-making business in her town with the help of her younger sister. Gerlee started her business in 2005. Her products are well-appraised by her customers. Now she has many regular customers who order several shoes at a time. With her earnings she has been able to buy a car, some furniture and appliances for her family. She is an open-minded woman who says, "One must be a good person." She is requesting a 1,500,000 MNT loan to purchase 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.