Narantsetseg manages a clothing-trading business in a rented stall at a trading center, and has gained much experience since starting the enterprise in 2007. She is very adept at collecting and purchasing stylish and quality products for her business, so her customers are happy to patronize her stall. She also offers barter trading for local residents in order to make her business more accessible.
A hardworking lady who says, "One will succeed if she has a positive attitude," Narantsetseg is requesting a 2,000,000 MNT loan to import products from China to sell in the coming summer. She is planning to buy a house and a car with her business profits.
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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