Byambajav is 39 years old and lives with her husband and two children in Bulgan province, Mongolia. Her elder child is a medical college student, while her younger child is a school student. She started her garment retail business in 1997. She is well known for her fashion taste. Now that winter is approaching, she needs warmer clothes to sell. She is a sharp and hard-working woman who says, "Now that my daughter is in college, I have to do everything I can in order to support her." She is requesting 2,500,000 MNT to buy more clothes at wholesale prices.
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.