Narantuya is 46 years old and lives with her husband and three children in a house in Zavhan province, Mongolia. Her older daughter, age 25, is a salesperson, while the younger two attend college and secondary school. Her husband is a fireman who works at Central Heating Place in Zavhan province.
She manages a Mongolian traditional-clothing-making business in a rented workshop. She makes stylish and colorful clothing called "Deel." People in Mongolia like to wear Deel during national holidays. She is a hardworking lady who says, "I have received loans from XacBank many times and am still planning to receive more in the future."
She is requesting a 1,200,000 MNT loan to purchase a more advanced, modern sewing machine 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.