Mrs.Ariyamandal is 46 years old and lives with her husband in an apartment in Bayanhongor province of Mongolia. Her husband, Choijoo, helps his wife to run their family business of retail clothing in the local market. Ariyamandal has been running her clothes retail business in the local market for years. She has good taste in clothes and is well-known among customers. She purchases clothes from China and sells to local customers. She is now requesting 3,500,000MNT to purchase seasonal clothes to sell at her rental stall in the local market. She is a hardworking and welcoming 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.