Dolgor T. is 34 years old and lives with her husband and son in a ger, a traditional Mongolian nomadic housing tent, in Uvurhangai province of Mongolia. Her son, age 7, attends a local primary school. Her husband, Munhbat, supports the family by working at a variety of jobs. Dolgor operates a consumer goods sales business in a rented stall at a local market in the city. Currently her business is good, and she expanded her business by renting a stall in a different trade center. She started this business in 2007 and has built a stable and successful operation. Dolgor works hard to grow her business. With this loan, she hopes to expand her product line in the near future. She is requesting a 990,000 MNT loan to buy more products to sell.
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.