Dolgorsuren is 41 years old and lives with her husband and three children in a house in the Sansar area of Ulaanbaatar city. Her husband is a driver who owns a taxi service business. Her older two sons are students and the younger one attends secondary school. Her older son also helps with his father's taxi service business. She manages a tailoring business that she started in 2006. She started her business after her graduation from college as a designer. Her working place is located near the student dormitory. For that reason, her business is quite successful. Now she has many regular customers and is planning to expand her business in the future. She is a responsible woman who says, "Our business is operating quite successful and I like to collaborate with Xacbank because of convenient and fast services." She is requesting a 3,000,000 MNT loan to buy a new stove and to do some construction work in her house.
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.