Munhtsetseg is 37 years old and lives with her husband and three children in a ger, a Mongolian yurt, in the Huvsgul province of Mongolia. Her older two children attend secondary school while the younger one is in kindergarten. Her husband is a driver who operates his own transportation business. She manages a tailoring business at her workshop. She started her business in 2006 with a workshop built near her home. She receives quite a lot orders from her customers and sells her products while visiting homes. She is a hardworking lady who wants to have her own shop and to employ more workers. She says, "I would like to do construction and decoration work at my work place and to have a new sewing machine for my business." She is requesting a 1,500,000 MNT loan to purchase a new sewing machine and to repair her work place.
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.