Javzansuren D. is 48 years old and lives with her four children in the Arhangai province of western Mongolia. She and her family live together in a ger, a traditional Mongolian nomadic tent. Javzansuren operates a clothes making business in her town where she not only sews the traditional Mongolian style clothing, but she also sews European style clothing. She started her own business in 2006 with working capital of 3000,000 MNT and now it has reached 2,000,000 MNT. Because she has gained a lot of experience, she knows what her customers want and how much they are willing to pay for her quality clothing. Janzansuren is a friendly, generous and hardworking woman who wants to enlarge her business. She is requesting a 1,000,000 MNT loan in order to purchase more fabrics and finishing materials for 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.