Davaa is 50 years old and lives with her son in ger (Mongolian tent) in Uvurhangai province, Mongolia. Her son runs a crafts shop.
She started her salt commodity trading business in 2000 by renting a counter in a local market. Usually she sells construction and grocery salt.
Now that her business is going well, she wants to broaden the range of products that she sells. She is a hardworking woman who says, "Now that my son is grown and independent, it is time to concentrate on my business."
She is requesting 1,200,000 MNT to buy grocery salt and nuts.
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.