Dulamsuren is a 41-year-old divorced woman who lives with her son in Dornogovi province in Central Mongolia. Her son studies at the secondary school.
Dulamsuren started a sewing business in 2007 in a rented room in a building. Since that time, she has been making many clothes and supplying good services to her customers. She purchases her supplies from the local market. The advantage of her business is that she makes clothes for an individual person's request that are well-suited and this makes the customers happy. She purchases supplies once or twice a 6 months.
Dulamsuren is a talented woman who says that "I would like to develop my business activity. I am planning to buy some rare and good materials so that I could make more fashionable and pretty clothes to increase the income." The total amount she is requesting is 800,000 MNT to buy sewing materials.
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.