Mrs. Nasanmonh is 35 years old, and lives with her 2 sons in a Ger, a traditional nomadic tent, in the Bayanhoshuu area of Ulaanbaatar city, Mongolia. Her sons go to local schools. Nasanmonh moved to Ulaanbaatar city in 1999 from Bulgan province where her parents still live. Her sons go there in the summertime to help their grandparents herd livestock. Nasanmonh's husband passed away a few years ago and now she takes care of the family by herself. Nasanmonh started her business soon after she came to the city. Her sewing machine is broken and she needs to replace it to continue her business. She is now requesting a loan of 3,000,000 MNT to purchase a sewing machine to continue her tailoring business. She is a hardworking, diligent, and strong lady.
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.