Battsetseg is a 31 years old woman who lives with her daughter, mother and her sister. She has been running garment retails business in Govi-Altai province in Southern Mongolia. She has been running garment retails business since 2008. She has an experience before running the business. Based on the experience, she bought a shop counter where she sells clothes for men, women and children. Now she is planning the expand the business activity by buying the supplies in large quantities. Battsetseg is a good-natured woman who says that "I would like to develop the business by bringing the garment in large quantities so that I could raise the income without spending much on transportation". The total amount she is requesting is 1,000,000 MNT to buy more garment.
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.