Dolgorsuren is a 38-year-old woman who lives with her husband and two children in Bayanhongor province. Her two children study at secondary school. She has been running a meat retailing business since 2003, with help from her husband. Previously, she was a herder. She buys supplies from the herders and trades them in retail. She has made many regular customers who come to her shop counter to buy fresh meat. Dolgorsuren is a good-natured woman who says, "I would like to expand my business activity by purchasing meat in large quantities wholesale so that I can raise my income." The total amount she is requesting is 1,300,000 MNT, to buy meat.
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.