Dugersuren S. is 43 years old and lives with his daughter and wife in Ulaanbaatar, the capital city of Mongolia. His daughter attends a Bayanzurh district high school while his wife is a handicapped and stays at home. Dugersuren began his printing service business in 2007 in the basement of his house. He is working hard to expand his company although he is still struggling to maintain his business. Dugersuren is a modest person who is requesting a 4,000,000 MNT ($3,000 )to purchase printing equipment in order to increase his work output.
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.