In 2000, her family moved from Khovd, one of the most isolated western provinces in Mongolia, to the capital city in search of a better life. In 2001, she started her small retail business in the Narantuul market, the largest outdoor market in Ulaanbaatar. Now she is expanding her business by diversifying the products she sells at the market.
Seeing an opportunity in the underwear market, and utilizing her experience in retail, she has decided to enter this new market. Dariimaa seems to be a very responsible person in business and finance. She is requesting a loan to buy underwear to sell. With the profits from her business, she hopes to enlarge her house.
About XacBankThis 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.
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