Dulam is a thirty-two-year-old woman who lives with her husband and three children in a suburban area of the capital city of Mongolia. Two of her children go to secondary schools and the youngest one stays at home. She has been running a meat retail business since 2003 with her husband. She goes to the countryside where she purchases the supplies from the herders. She trades meat at the local trading center. This has been the only income source for her and her family.
Dulam is a bright woman who says that "I would like to improve the business activity by purchasing meat wholesale all at once, so that I can save on transportation expenses and save for my children's future. I wish to improve the livelihood of my household". The total amount she is requesting is 2,500,000 MNT to buy more meat from the herder families.
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.