Dashiimaa T. is 41 years old and lives with her husband and four children in Arhangai province, Mongolia. She and her family live together in a ger — a traditional Mongolian nomadic tent. Two of her children, ages 17 and 15, attend a local secondary school. Her 13 year-old daughter, Jalbaajav, attends a local primary school. They have been living in their current home for two years. Dashiimaa operates a trucking transportation business which she has done since 2009 and has quickly found success. Her business earnings have enabled her to purchase a plot of land with a yard for her family. Dashiimaa has good communication skills and has many plans for the future including building a house for her family. Dashiimaa is requesting a 1,700,000 MNT loan to purchase spare parts to make repairs to her truck.
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.