Mrs. Javzandulam is a 49-year-old widow who lives with her two sons in a house in Huvsgul province of Mongolia. Her sons Ganzorig, age 28, and Gantulga, age 26, work at local companies.
This borrower has been running her tailoring business at home since 2000. She has gained a lot of experience and regular customers over the years. She has covered family expense since then and paid her sons' education fees and living expenses.
She is now requesting 2,600,000 MNT to purchase a large amount of inventory to run her tailoring business smoothly with no sudden pause. She is hardworking, responsible and an honest woman who also has good previous loan records at XacBank.
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.