Dolgorsuren is a 41-year-old woman who lives with her husband and son in a 'ger' in Ulaanbaatar city, Mongolia. She has been running a meat and vegetable retail business at the trade center with her husband. It has been five years since she started the business. As she has made many regular customers, the business supplies the meat and vegetable needs of the local area. Dolgorsuren is a hardworking woman who says that, "I would like to expand the business activities by purchasing the meat from the herders in wholesale". The total amount she is requesting is 3,000,000 MNT to buy fresh meat from the herders.
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.