Ichinnorov is 57 years old and lives with her husband in a 'ger', a Mongolian yurt, in Huvsgul province of Mongolia. Her husband is on disability pension. She used to work as a tailor at the local fashion center from 1978 to 1998. She retired from the work after 20 years and then established her own business.
Currently she is working at her home and making clothes. She has many regular customers. She is planning to have a workplace to expand her business operation. She is an open-minded and diligent woman who says "It is getting difficult to sew clothes at home. If I had my own workplace, it would be easy to attract more customers and make more clothes." She is requesting a 1,500,000 MNT loan to expand her business operation and to rent a workplace.
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.