Natsag is 32 years old and lives with her husband and 3 year old son in their ger, a traditional tent house, in the Uvs province of Mongolia. Her husband Batmonh is 34 and they run their family business together. Her son Monhbat is 3 and just started going to kindergarten.
Natsag started her own business, making traditional boots at home in 2010. Along with her husband she started their family business, a small variety goods mobile retail store and has been successfully running it for living. She has still been producing hand made leather boots by order along with her family business. She is now requesting a loan of 2,000,000 MNT to purchase inventory for her business to increase their sales and income. She is a hardworking, honest and talkative 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.