Ganhurel, 32, lives with her husband and 4 children in small house in Ulaangom soum of Uvs Province, Mongolia. Her husband Nyamdavaa, 34, helps her with her traditional costume manufacturing business. He also sells them at a rental counter in a local market. Her sons Jargalsaihan, 11, Adiyahuu, 9, and daughter Gunselmaa, 6, go to a local primary school and her younger daughter Onormaa, 2, goes to a local kindergarten. The borrower has been manufacturing traditional costumes at her home for years and she has built strong relationship with her customers and suppliers over the years. She is now requesting 500,000 MNT to purchase inventory for her business to increase her sales during the highest season. She is a hardworking, friendly and diligent 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.