Batgerel is 39 years old and lives with her son in an apartment in the Uvurhangai province of Mongolia. Her son is a college student. She started her women's garment retail business in 1994 by renting a counter in a local market. She is very well experienced in her field and she is known for her fashion sense. Now that winter is arriving, she needs warmer clothes to sell. She is a strong and hard working woman who says, "Now that my son has joined a college, I am short on cash to run my business." She is requesting 2,500,000 to buy more garments to sell.
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.