Ulziitogtoh is 35 years old and lives with her mother, sister and daughter in ger (tent like structure), in Ulaanbaatar city, Mongolia. She is divorced and her daughter goes to school.
She started her garment retailing business in 2008 by renting a counter in a market. Her counter is filled with fashionable clothes and accessories. Many of her customers visit the market just to see her products.
She is a strong and diligent woman who says, "Now that my business is going well, I want to build my house for my daughter and me." She is requesting 3,000,000 to buy construction materials for her house.
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.