Dolgorsuren is 55 years old and lives with her husband and two kids in Govisumber province, Mongolia. Her husband helps with her business, her elder son lives independently and the younger one is a college student. Dolgorsuren operates a meat trading business. She started her meat trading business in 2000. Now that winter is approaching, she needs to fill her stock and sell it when it becomes more expensive. She has a supply worth MNT 4,000,000 now. Based on this year's demand, her current supply is not sufficient to run the business for the coming year. She is requesting 1,000,000 MNT to buy more meat.
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.