Dolgor is 41 years old and lives with her husband and five children. Three of the children go to the local high school and two girls go to the college in the capital city.
Her husband makes archery targets and archery-related leather products. She has been running a retail business that sells milk, milk products and food in the local food market since 2000.
She has already established regular customers and suppliers through her experience in this field. As Mongolians buy lots of milk products, when they are going to celebrate their biggest festival, she is planning to buy supplies in larger amounts.
She says that "I would love to extend my business and raise my income, with a specific amount of financial help, so that I could pay the college tuition fees of the children". The total amount she is requesting is 3,500,000 MNT to purchase more dairy products at wholesale prices.
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.