Dolgorsuren is a 44-year-old woman, who lives with her two daughters in Uvurhangai province, Central Mongolia. Since her husband left, all the responsibility of taking care of her daughters rests with her. The daughters study at the secondary school.
She has been running a public announcement business at the local trade center. She started her business in 2001. The business is stable and she has also started selling some chancellery and computer services. Dolgorsuren is an educated, and diligent woman who says that "I would like to expand my business activities by purchasing the necessary equipment for the business".
The total amount she is requesting is 1,000,000 MNT to buy equipment for her computer service business.
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.