Dagva is 31 years old and lives with his wife and two kids in a ger (a Mongolian yurt) in the Uvurhangai province of Mongolia. His wife helps with his business, his elder daughter is in school, and his younger daughter goes to kindergarten.
He started his business in 2008 by renting a counter in the market. He also provides a taxi service with his own car. Now that his business is stable enough, he rented another counter in the market, but due to financial problems, he couldn't buy enough supplies to run a business.
He is a sharp and hardworking man who says "My business has been successful in the past. I 'm pretty confident that my next business would be successful". He is requesting 3,700,000 MNT to buy clothes for winter.
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.