Zevegsuren is 39 years old and lives with her husband and two children in Ger (Mongolian Yurt) in Ulaanbaatar city, Mongolia. Her husband is unemployed, and their two children are school students. She started her sewing business in early 2011. Even though she's fairly new to the business, she has a vast amount of experience in sewing, and she has a professional certificate. Her business is well-known around the neighborhood for her skills and excellent service. Now that her business is picking up, she needs a more powerful sewing machine and more raw materials. She is requesting 600,000 MNT to buy additional equipment and raw 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.