Tumentogtoh is 37 years old and lives with her husband and 3 children in the northern part of the country. The children study at the local high school. Her husband works in the intercity transport and delivers packages.
She has been running clothes retailing business in the market counter since 2008. For the national holiday, she would like to trade more goods by having a larger amount of supplies. It's a profitable business during the festival as people present different kinds of presents to each other. She is a large-minded woman who says that "I would like to raise my income this year with the support". The total amount she is requesting is 4,000,000 MNT to buy more clothes for the upcoming Tsagaan sar, a Mongolian national holiday.
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.