Buyanarvjih is 33 years old and lives with her husband and two children in a ger (Mongolian yurt) in Umnugovi province, Mongolia. Her husband has his own van which he uses for transportation activities and the two children are school students.
She started her sewing business in 1995. She moved to the center of the province and rented a counter in the market where her business is booming. She therefore needs professional sewing machinery and a large quantity of raw materials to meet the demand for products. She is a sharp and hardworking woman who says "I have done sewing for years however the income was not quite enough to support my family. Now that I moved to the center of the province, demand for my products is increasing and I am very excited about that".
She is requesting 3,500,000 MNT to buy machinery and sewing 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.