Dulguun is 24 years old and lives with her husband in a ger (Mongolian yurt) in Ulaanbaatar, Mongolia. Her husband works as a flight attendant.
Dulguun started her construction materials retailing business in early 2010. Her location is excellent and her sales are stable. Even though she's fairly new to the business, she has gained many trusted suppliers and regular customers.
Now that construction season is approaching, her product demand will increase. Therefore, she needs to be ready in order to increase her profits. She's requesting 2,000,000 MNT to buy more construction supplies.
Dulguun is a sharp and hardworking woman. "Due to my lack of experience, I almost became bankrupt last year," she says. "I won't let it happen again."
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.