Oyunerdene is 34 years old and lives with her husband and two kids in Ger, Mongolian yurt in the Bayanhongor province of Mongolia. Her husband works at a construction site and her kids are school students. She started her tailoring business in 2009 with her friend. Mostly, she sews traditional clothes (deel). Now that her customers are increasing, she needs to buy a more powerful and fast sewing machine. She is a strong and diligent woman who says, "My business is expanding and I want to keep up with it". She is requesting 1,000,000 MNT to buy a sewing machine.
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.