Mendsaihan is 46 years old and lives with her two kids in a ger (a Mongolian yurt) in Uvurhangai province, Mongolia. Her elder child is a college student, and the younger one is in school.
Mendsaihan started her shoe-making business in 2002. She makes traditional shoes that are elegant and high quality. Over the years, she has gained many regular customers and trusted suppliers. She is a sharp and hardworking woman who says, "Now that my boy has started college, I have to work even harder in order to support him." She is requesting 350,000 MNT to buy leather and other materials.
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.