Orgilbulag is 31 years old and lives with her husband and two children in a ger (a Mongolian yurt) in Hovd province, Mongolia. Her husband works at a construction site. Since 2009, Orgilbulag has operated a grocery business at a local market. In 2010, she also started a sewing business. She sews custom garments, mostly traditional clothes. She is well known by her sewing skills around the neighborhood. Now that her product demand is increasing, she needs to buy more materials and more efficient sewing equipment. She is a talented young woman, and she is requesting 500,000 MNT to improve her business.
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.