Her husband, Lhagva-Otgon, an electrician, helps her business when he has time, and Davaadorj's hope is to eventually open her own toy and souvenir store. She is requesting a loan to purchase more toys and souvenir items from Ereen, China.
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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