Dolgor, 54, is married and lives with her husband, daughter and two nephews in the Songinohairhan district of Ulaanbaatar, the capital of Mongolia. Her husband is retired and receives a pension of 105,000 MNT and her daughter works as a salesperson at a bakery shop where she is paid 230,000 MNT monthly. Her two nephews attend a local secondary school. They have a decent standard of living.
Dolgor used to operate a food shop between 2004 and 2006 before she started her current business. Since 2007, she makes handmade items for gers, Mongolian nomadic housing tents, such as ropes used like a belt to keep the ger stable. She purchases the necessary production materials from the local market and sells them back as ropes, belts and ties used for building a ger. Her monthly profit is 200,000-300,000 MNT. She wants to enlarge her workshop and expand her business. She is a hardworking and brave person who says, "I would like to enlarge my workshop and expand my business." She is requesting a loan of 3,000,000 MNT to purchase more material to make items for gers and, also, to enlarge her current workshop.
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.