Dariimaa is 36 years old and lives with her husband and six kids in Western Mongolia. Her husband is a herder and four children are students.
She started retailing coal and wood in 2011. Her sales have been good and she plans to expand in order to improvement her family's livelihood. She is a good-natured woman who says, "I would like to expand my business by getting supplies in large quantities so that my business income and family livelihood will raise. I have to save much for my six children's college fees from now on."
The total amount she is requesting is 700,000 MNT for supplies.
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.