Mrs. Altantsetseg is 38 years old and lives with her husband and two children in Zavhan province, Mongolia. Her husband, Batmunh, runs a small, traditional, leather-shoe manufacturing business at home. Her older daughter attends dance and music college and her younger son studies at a local school.
Altantsetseg moved to the province center in 2008 with her family and started working as saleswoman in a local grocery store. Her husband started manufacturing shoes as a business at home soon after they moved into the province center. Altantsetseg helps her husband during her spare time to meet customer orders on time. They are very hardworking, passionate and diligent people who already have established their good names with their good service and qualified products.
Altantsetseg is now requesting loan of 3,500,000 MNT (Mongolian tugriks) to purchase inventory for her family business of manufacturing shoes at home.
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.