Dolgorsuren S. is 41 years old and lives with her husband and two daughters in a ger, a Mongolian nomadic housing tent, in Zavhan province, Mongolia. Her older daughter goes to a college while the younger one is in secondary school. Her husband is a taxi driver.
Dolgorsuren manages a meat-trading business in her town. She started her business in 2000 with working capital of 400,000 MNT. Since then she has been able to stabilize her business and build a strong customer base.
She is a diligent woman who says, "I truly want to receive the loan in order to continue and expand my business."
She is requesting a 1,000,000 MNT loan to purchase sheep meat in order to increase her business sales.
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.