Dulamjav is a 47-year-old woman who lives with her husband and two daughters in an apartment in Suhbaatar district, Ulaanbaatar, the capital city of Mongolia. Her husband is a manager in a private company with monthly salary of 350,000 Mongolian tugriks (MNT). Her older daughter, Gunbileg, goes to a college and the younger one attends a local secondary school.
Dulamjav manages a construction-goods trading business at a rented stall at a Bolor trading center. She started her business in 2002. Even though she graduated as a veterinarian in 1985, she never worked as a vet. She had to become businesswoman in order to earn money and provide better living conditions for her family.
She is a diligent lady who says, "I want to expand my business in the future." She is requesting a loan of 3,000,000 MNT to purchase more construction goods 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.