Mrs. Alimaa is a 39-year-old married borrower from Zavhan province in Mongolia. She lives with her husband and five children in a ger, a traditional Mongolian nomadic house. Her husband runs a traditional boot manufacturing business at home to support the family.
Since 2008-2011, she had been working in a food store as a cashier but in 2011, she started making Mongolian traditional boots and running a sewing and tailoring service business at home with her husband. She has built close relationships with her customers and suppliers over the years. She is requesting 2,500,000 MNT to purchase necessary materials for her business and support her family and children's education.
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.