Handsuren is 57 and lives with her husband in a 'ger', a Mongolian yurt, in Hovd province of Mongolia. She has three kids who all live separately. Her husband runs a taxi business with his own Russian SUV. She operates a used clothes business. She was a school teacher from 1990-1998, sold second-hand clothes from 2008-2009, and from 2009-2011 a photographer. She got back into the second-hand clothes business recently, which was the one she had the most experience with and the most profitable.
Handsuren is a strong and diligent woman who says, "It was challenging to raise three kids (with college degrees) and it is time to use my money on my own self and rest a bit." She is requesting 2,800,000 MNT to buy more used clothes at wholesale prices.
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.