Dovdonnyam, 46, lives with her two daughters in a ger (a traditional Mongolian nomadic tent) in Tosontsengel province. One of her daughters is an elementary school student.
Dovdonnyam operates a grocery trading business. She started her retailing business in 2006 and now she wants to expand her business.
Dovdonnyam is a hardworking woman who is taking care of her two daughters alone. She believes that one day she will be a successful and well experienced business woman. She is requesting a 1,500,000 MNT loan to purchase more grocery items for her shop.
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.