Terbish is a 70-year-old woman who lives with her husband in a ger (Mongolian yurt) in Ulaanbaatar city, Mongolia. Her kids are all independent and employed.
Terbish started her garment retailing business in 2008 when she retired from teaching. Her business is going well and it is very supportive for her living. Now that winter is approaching, she needs support to buy winter supplies. She is a strong and hardworking woman who says "First I was little scared to start a business considering my age and all, however now that I started it isn't scary at all. In fact, it makes me feel young again."
She is requesting 2,000,000 Mongolia Tughriks (MNT) to purchase clothes for winter.
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.