Dashtsermaa is 28 years old and lives with her husband and three-year-old child in Tuv province, Mongolia. She and her family live together in an apartment that they own. They have been living together in their current home for five years. During the day, Dashtsermaa operates a clothing trading business in her town. She sells a variety of clothing with her husband at a local trading center called Altan eh (Golden mother). Dashtsermaa has been operating her business since 2003. She has steadily expanded her business and gained much experience in previous years. At the beginning, she sold her products at her home, but since 2004 she started renting a counter at Altan-eh. Dashtsermaa is a very hardworking person and her business is very important for her. She says, “I would like to expand my business and improve my family's quality of life.” She is requesting a 1,600,000-tugrug loan to purchase more clothing from Ereen, a Chinese border town, for her business.
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.