Tserendolgor is 27 years old and lives with her husband and son in their apartment in Dundgovi province, Mongolia. Her husband, Monh-Orgil, is very supportive of his wife and her business. Her son, Temuulen, is five years old and attends a local kindergarten.
Tserendolgor started her clothing retail business in 2013. She has been attending university for her higher education and has just graduated. She has her regular clients and has been close with the suppliers in Ulaanbaatar, the capital city. She is now requesting loan of 3,000,000 MNT to purchase inventory to sell at her rental counter at the local market. She is a hardworking, caring and responsible woman.
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.