Tsolmon operates a garment and home product sales business. She started her business in 2006 by renting a counter in the market. Her shop location is excellent and she has great taste in garments. Tsolmon's products are elegant and relatively affordable. Over the years, she has gained many trusted suppliers and regular customers. Tsolmon is requesting a loan of 1,000,000 MNT to buy more summer garments to make more profits to save money for her daughter's wedding.
About XacBankThis 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.
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