Altantuya is 48 years old lives with her husband in a ger, a traditional nomadic tent, in the Tolgoit area of Ulaanbaatar city, Mongolia. Her husband Bayasgalan is 49 years old and partly lost his ability to work and stays home. Her father lives in another ger on their plot of land. She has been providing her tailoring business at home for more than a decade and has a lot of experience and regular clients. She is now requesting a loan of 2,500,000 Mongolian tugrik (MNT) to purchase a crisscross sewing machine and pay some family expenses. She is a hardworking, diligent 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.