Tsog lives with his wife and his infant child in the Bayanzurh district of Ulaanbaatar, the capital city of Mongolia. Tsog remarried three years ago. His wife is currently attending university. Tsog would like to work with his wife, once she is done school, and open another butcher shop. Tsog requests a loan to purchase more meat from the wholesale markets for his business.
About XacBankThis 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.
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