Buyanhishig is a 28-year-old woman who lives with her husband and two children in the Bayanhongor province in Southern Mongolia. Her oldest child studies at the secondary school. Her husband operates his own business. She started making traditional clothes in 2006. She makes the clothes in stylish designs. She trades them at the trade centers in neighbor provinces.
Buyanhishig is a talented woman who says that "I would like to expand my business activities by purchasing the necessary materials for the business. I am planning to increase the sales". The total amount she is requesting is 3,500,000 Tugrik (MNT) to buy materials for traditional clothes.
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.