Handsuren is 43 years old and lives with her mother and son in a ger (Mongolian yurt) in Dornod province, Mongolia. Her mother is retired and her son is a college student. She started her garment retailing business in 2007 by renting space in the market. Her products are very fashionable and inexpensive therefore she has many regular customers. Now that her business is stable, she wants to expand her business by renting another space in the market. Handsuren is a hardworking and diligent woman who says"Since I am the only one with the income in the family, I have to pay my son's college fees". She is requesting 2,000,000 MNT to buy more garments from wholesalers in Ulaanbaatar, the capitol..
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.