Dolgorjav is 35 years old and lives with her husband and three children in a ger, a Mongolian yurt, in the Arhangai province of Mongolia.
Her husband operates a firewood and coal trading business and her children go to school.
She started her felt and wool craft business in 2001 with 100,000 MNT. Now, her assets are 500,000 MNT and she has learned to make broad range of products such as felt shoes, felt slippers and wool sweaters. She is well known across neighborhood for her talented work.
Now that she makes a broad range of products, she wants to run her own shop. She is requesting 1,200,000 MNT to purchase more wool materials 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.