Tsetsgee is 53 years old and lives with her husband and 2 kids in a ger (Mongolian yurt) in Hovd province, Mongolia. Her husband works with her. The elder kid is employed and the younger one is a college student. Her husband is a carpenter and she sells her goods (handmade chairs, tables, cupboards, etc.) in the market. Over the years she gained many customers. Her products are known for their high quality and very affordable price. Now that the Mongolian holiday season is approaching, her product demand is high. Therefore, she's requesting 1,000,000 MNT to buy raw materials. She is a sharp and hardworking woman who says "Since my boy joined a college, I have to work as hard as I can in order to support him."
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.