Purevsuren is 46 years old and lives with her husband and two kids in Ulaanbaatar city, Mongolia. Her husband is a driver, her elder son is a clerk and the younger one is a school student. She started her garment retailing business in 2008 by renting a counter in a local market. She was a sewer in a local cashmere factory and so she has a very good eye for fashion.
Now that winter is approaching, she needs more warmer clothes to sell. She is a bright and hardworking woman who is requesting 1,000,000 MNT to buy more clothes.
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.