Dulamsuren is 33 years old and lives with her husband and three children in a ger (Mongolian yurt) in Bayanhongor province, Mongolia. Her husband is a security guard. Her elder two children are school students and the younger one goes to kindergarten. Dulamsuren started her embroidered products retail business in 2008 by renting a counter in a market. Now that her business is stable enough, she wants to expand it by renting another counter. However, she doesn't have enough supplies to support having another counter. Therefore, she's requesting 1,000,000 MNT to buy more supplies.
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.