Apiya is 31 years old and lives with her father, sister and brother in Ulaanbaatar city, Mongolia. She started her sewing business in 2008 by renting a small space. Now her business is stable and she has one employee. She sews work clothes. Now that the mining business is booming in Mongolia, her business is going well; however, she is lacking equipment and staff. In order to improve her business, she needs a little support. She is a sharp and hardworking woman who is requesting 1,800,000 MNT to buy more materials.
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.