Tsetsegee is a young lady who lives with her parents in southern Mongolia. Her father works for a private company and her mother is unemployed.
She started a vegetable retailing business in 2011. She buys the supplies from Erlian city, China. Now her plan is to trade some fruits by importing them from China so that she can expand the business and make the counter bigger. As she has many regular customers, the business would be beneficial. She is an independent woman who says that "I would like to increase the products types with the financial assistance". The total amount she is requesting is 1,000,000 MNT for the more fruits.
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.