Doljinjav is 42 years old and lives with her husband and four children in Arhangai province, Mongolia. She and her family live together in a ger, the Mongolian nomadic tent. Three of her children, ages 19, 21, and 22, attend university. Her youngest son, Dembereldodov, is 17 years old and attends a local secondary school. Doljinjav operates a mobile food and consumer product trading business with her husband. They started their business in 2001 with a working capital of 200,000 tugrugs (~ 145 USD). After nine years of hard work, they have built their working capital to 1,000,000 tugrugs (~ 725 USD). Doljinjav has expanded her business and built a loyal customer base. She and her husband have been planning to rent a counter from which to sell their products to earn extra income. Doljinjav is a very hardworking person who has a good communication skills. She says, “I would like to expand my business with my family and to increase the number of our livestock.” She is requesting a 1,300,000 tugrug ( ~ 940 USD) loan to purchase a variety of food products and clothing to resell them in the countryside for a profit.
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.