Darisuren is 22 years old and lives with her father in their own little building (shack). Her elderly father works as a security guard in town and earns less than 100 dollars a month.
Before she rented space for a grocery stand, Darisuren made money by sewing. She eventually was able to save up enough to lease the space and begin selling groceries. As of now the stand brings in around $60-$85 a day.
Darisuren wants to be able to buy a greater variety of food and in bulk to increase her income. With the extra income she wants to add another booth to the one she has and eventually own her own store. She is a very modest and down-to-earth girl. She wants two things: to be able to take care of her father and to own her own store.
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.