Delgertsetseg is 35 years old and lives with her husband and 3 children in their Ger (a traditional nomadic yurt) in Ulaanbaatar city, Mongolia. Her husband, Ulzii-Orshih, runs a taxi service business in town. Her 2 older children study at a local school and her youngest child goes to local kindergarten.
Delgertsetseg started running her tailoring service business in town in 2006. She is talented and a hardworking woman who has already built close relationships with her clients and suppliers. She provides modern and traditional clothing by order and is now requesting loan of 4,000,000 MNT to purchase a new netter sewing machine to continue her business.
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.