Delgermaa is a 47-year-old woman who lives with her husband in Dornogovi province, Mongolia. Her husband is unemployed.
She started an antique shop business in 2000, based on her major in religious study. She trades antique things and religious articles. As most of Mongolians belong to Buddhism, there is a big need, and she has many regular customers.
She started renting a well-positioned shop counter near the local temple. Now she is aiming to raise the assets by purchasing the religious articles wholesale.
Delgermaa is a good-natured woman who says, "I would like to develop the business activity by purchasing the products in large quantities for economic reasons.” The total amount she is requesting is 3,500,000 MNT to buy religious supplies.
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.