The family owns the land where their ger is located. Her son is 13; he goes to elementary school. She, Tuyatsetseg, runs a clothing stall with her husband at Narantuul, Mongolia's biggest outdoor market, in Ulaanbaatar, the capital city. During the fall, winter, and spring they sell gloves. In summer, they sell sunglasses. They own, rather than rent, their stall. They would like a loan to buy another stall in the clothing section of the Narantuul market. Together with her husband, Tuyatsetseg is planning to renovate her house this coming spring. She has a hard-working and humble personality.
About XacBankThis 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.
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Success!! The loan was 100% repaid