Suvdmaa, 49, lives with her husband and 2 daughters in an apartment in Orhon Province, Mongolia. Her husband Enhbat, 47, is disabled and stays home because he requires constant care. Her daughters Selenge, 20, and Solongo, 19, are university students. The borrower has been running a clothing sales business in town since 2006. She has gained a lot of experience over the years and covers all her family expenses all by herself with her business profit. She is now requesting 3,000,000 MNT loan to purchase a large amount of clothing inventory to help her clothing sales business run smoothly. She is a hardworking, optimistic and responsible 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.