Munhtsetseg is 36 years old and lives with her husband and four children in a ger (a Mongolian yurt) in Zavhan province, Mongolia.
Her husband runs a cell phone repair service, her elder three children are school students and the younger one is a kindergarten student.
She started her garment retailing business in 1999 by renting a counter in the market. Her products are stylish, high quality and cheap. Also, she makes pendant earrings and sells them.
Now that holiday season is approaching, she needs to buy additional supplies.
She is a sharp and hardworking woman who is requesting 2,000,000 MNT to buy more clothes for the new year.
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.