Tserendejid is 50 years old and lives with her son in a ger (Mongolian yurt/ nomadic tent) in Ulaanbaatar city, Mongolia. She started her traditional clothes tailoring business in 1997 by supplying items to the markets. Her father taught her the skills of sewing when she was ten. Her sewing skills are excellent and her designs are very modern. Now that the holiday season is approaching, her product demand is increasing therefore, she's requesting 800,000 MNT to buy material to sew deel, a Mongolian traditional costume. She's a sharp and hardworking woman who says, "I enjoy what I do. I am trying not to burden my children."
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.