Dorjsuren is a 50 year old, widowed mother of two who lives in a ger (Mongolian yurt) in Ulaanbaatar city, Mongolia. Her elder son is disabled and the younger one is a student in school. She started her souvenir business in 2001 by renting a counter in the market. Due to the lack of money, her business hasn't expanded much. She is a sharp and hardworking woman who says, "It's been hard since my husband passed away. However, I will not give up". She is requesting 3,000,000 MNT to rent more additional counter in market and to buy 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.