Dolgorsuren U. is 50 years old and lives with her two sons in a house in Bayanhoshuu in the Suhbaatar district of Ulaanbaatar, the capital city of Mongolia. Her older son attends university while her younger son works as a private businessman.
She currently operates a retail clothing business to support her family. She sells a variety of clothing items from a stall in the Narantuul market, the largest and main market in the city. She has been engaged in this business since 2000 and has gained a lot of experience as a businesswoman.
In the future, Dolgorsuren hopes to expand her business further and help her two sons to live their own. She is requesting a 2,000,000 MNT loan to increase her working capital for her retail clothing business.
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.