He wishes to increase his sales in order to earn more profit. Now he has one container and one counter to sell his machinery parts. His budget is around in 8,000,000 tugrug (~5600 USD). From this number, you can see how good he is at his business. He is considered in his community as very experienced and intelligent. He is requesting a 3,000,000 tugrug (~2100 USD) loan to maintain and continue 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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