Mrs.Tseveendulam is 34 years old and lives with her husband and two daughters in a small house in Bayanhoshuu District of Ulaanbaatar, Mongolia. Her husband, Erdenebat, age 52, works as a guardsman for a local private company. Her daughters, Oyun-Erdene, age 15, and Tseyenbadam, age 13, go to a local secondary school. The borrower has been running her tailoring service business at her home, getting orders from local customers, for over 10 years. She is now planning to build a small place in their plot of land right next to their house to run her business. She is now requesting 3,000,000 tugriks to purchase inventory and construction materials to build a workplace for her business. She is a hardworking, diligent and well experienced woman.
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.