Dugersuren is 30 years old and lives with his wife and two sons in a house in Hovd province, Mongolia. His older son goes to a local secondary school, while the younger one is in kindergarten. His wife works at a university in her town.
Dugersuren manages a animal hides trading business with the help of his older brother. He started his business in 2001. They collect sheep and goat skins from herders and sell them at a local market. This type of business is quite profitable in local areas of Mongolia.
He is an open-minded man who says, "I want to build a shop with my loan." He is requesting a 3,000,000 MNT loan to build a shop near to his home.
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.