Ulziihuu is 53 years old and lives with her daughter in a house in the Hovd province of Mongolia. Her daughter works as a nurse at the local hospital. Ulziihuu operates a sewing business. She started to sew clothes in 1995.
She moved to the Bayan-Burd market and opened her tailoring and fashion shop. She has many years of tailoring and business experience. She is a diligent woman who is requesting a 2,300,000 MNT loan to buy more cloth 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.