Davaasuren is 44 years old and lives with her husband and son in a ger (Mongolian yurt) in Uvurhangai province, Mongolia. Her family helps with her business. She started her sewing business in 2009. Before she started the business, she used to work in a sewing factory, therefore, her sewing skills are excellent. She is a sharp and hardworking woman who says "To open my own business was the best decision of my life and if I could work a little harder, I would be able to send my son to college". She's requesting 1,000,000 MNT to purchase additional sewing machines and upgrade current equipment.
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.