Battsetseg is 27 years old and lives with her children and husband in a ger, a traditional Mongolian housing tent, in the Hovd province of Mongolia. Her husband works as a truck driver at the Tavan Tolgoi LLC. Her daughter is a high school student. Her son goes to the kindergarten.
She started her business in 2009 by selling clothes at the local market. Starting from this year, she changed her place to the Buyan market and is now selling clothes there. She has already gained several years of practical experience.
In the future, she plans to expand her business. She is an open-minded person who says, "This new market is more profitable and there are many customers. I want to expand my business."
She is requesting a 600,000 MNT loan to buy winter clothes 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.