Norovsuren is forty-one years old and lives with her two kids in a ger (Mongolian yurt) in Uvurhangai province, Mongolia. Her two kids are school students. Her husband died last year. She started the business with her husband in 2002. Even though her husband died, she is perfectly able to run her business on her own. Her products are of high quality and fairly affordable.
Now that Mongolia's biggest festival is approaching, her product demand is increasing. Therefore she's requesting a loan of 3,500,000 MNT to buy clothes. She is a hardworking woman who says "My kids will go to a college soon. I have to work hard in order to support them".
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.