Dorjderem is 46 years old and lives with her husband and four kids in a ger (Mongolian yurt) in Govisumber province, Mongolia. Her husband is employed; her elder three kids are school students and the youngest one is in kindergarten.
Dorjderem started running her food cart business in 2006. She sells hotdogs, hamburgers, and other fast foods. Recently, she extended her cart due to the high demand. However, she doesn't have sufficient funds to buy the necessary foods. She is a sharp and hardworking woman who says, "Now that my business is picking up, I need to act aggressively in order to keep it up." She's requesting 400,000 MNT to buy vegetables and meat for her business.
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.