Davaahuu is a widowed woman who lives with her 16-year-old daughter in the Hovd province of Western Mongolia.
She has been running a livestock hides retailing business since 1988. She has become experienced in this field and would like to improve her business activities.
The income from the business is the only source of finance for the family. Her plan is to purchase the supplies in large quantities and thereby saving the transport expenses. She is a clever woman who says that "I would like to extend my business so that I can pay my daughter's college fees".
The total amount she is requesting is 3,000,000 MNT for more hides.
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.