Dolgorsuren is 52 years old and lives with her husband and two daughters in a house in Hovd province of Mongolia. Her older daughter, aged 21, goes to a college while the younger one, aged 15, is in secondary school. Her husband is the governor of a Bag: the smallest administrative unit in rural areas of Mongolia. She manages a hair salon in her town. She started her business after graduating from her training in 2001. Since then she has managed to stabilize her business and build a strong customer base. She is a friendly woman who says, "With the loan I want to have my own workshop and new equipment". She is requesting a 2,000,000 MNT loan to purchase some equipment 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.