Davaasuren is 41 years old and lives with her husband and three children in a ger (a Mongolian yurt) in Ulaanbaatar city, Mongolia. Her husband is a security guard, her elder son helps in her business, her middle son is a college student and the youngest one is a school student.
She started her grocery trading business in 2007 by renting a counter in market. Now her product range has been extended and her income has increased. However, due to her son's college fee, she hasn't got sufficient funds to run the business.
She is a sharp and diligent woman who says, "I will do everything I can to get my children educated."
She is requesting 2,000,000 MNT to buy more candy and seasoning to resell.
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.