Dolgorsuren is 40 years old and lives with her husband and two kids in a ger (a Mongolian yurt) in Bayanhongor province, Mongolia. Her husband works in the city and stays at home during winter. Her kids are school students. She started her vegetable trading business in 2007 by renting a counter in the market. In addition, she plants potatoes in 100m2 (100 square meters). Now that her business is stable enough, she wants to build a small warehouse to broaden her range of products to retail. She is a strong and diligent woman who says, "during winter time, vegetable prices will increase therefore, I need to build a small warehouse to store my supplies". She is requesting 2,500,000 MNT to build a warehouse.
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.