Dolgorsuren is 34 years old and lives with her parents and son in Uvurhangai province, Mongolia. They live in a rented two-room house. One room is used as a food shop on a busy street in town. Her parents are retired and her son goes to a local secondary school. She began operating her food shop in 2009.
Although she pays 100,000 MNT for the shop's rent, her income is good enough to support the family. She was able to buy a car with the money she earned from her business in 2011. She wants to expand her business and have her own store so that she can save money on rent. She is a hard-working and modest person who says, "I am trying to make more profit and save money to have my own shop as well as for my son's future education."
Dolgorsuren is requesting a loan of 1,500,000 MNT to purchase flour, rice and a variety of other foods for her 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.