Davaajargal V., age 42, lives with her son in Uvurhangai province. They live in her own traditional housing tent called a ger. In 2003, she moved from Taragt sub province and purchased a container in which she kept food products. She is a teacher and her living conditions are good. Depending on sales, Davaajargal makes food-procurement trips two to four times a month. Bread, pastry and cookies are supplied by the manufacturers.
Her personality is polite, and she seems to be good at calculating and estimating. She wants to have her own food store and work in her profession of teaching or accounting.
She is requesting a 3,400,000 Mongolia tugriks (MNT) loan to purchase food products at wholesale prices from Ulaanbaatar, the capital city of Mongolia.
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.