Dolgorjav is 37 years old and lives with her husband and two kids in her own apartment in the Selenge province of Mongolia. Her husband is a security guard at the local bank and her two children are students.
Dolgorjav started her hairdressing business in 1993. She is very experienced and a talented, bright woman. Her business is stable and well known by the locals. Now that her business is stable enough, Dolgorjav wants to increase her family income by buying a car so her husband can run a taxi service.
She is a sharp and hardworking woman who says, "My husband's income is relatively low, and I want to increase it in order to raise our children properly." She is requesting 3,500,000 MNT to buy a car for her family.
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.