Dolgorsuren is 31 years old and lives with her two children in Uvurhangai province, Mongolia. Her son attends a local secondary school. They live in their own ger (Mongolian nomadic housing tent). Dolgorsuren began her meat-trading business in 2000. She purchases meat and milk products from local individuals who bring their products from the countryside to sell in the city using her micro bus. She is hardworking and someone with initiative who wants to expand her business and increase her profit. Dolgorsuren's further wish is to give a better education to her children and build her own house. She is requesting a loan of of 1,500,000 MNT to purchase more meat for her 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.