Baatarhuu is 56 years old and lives his wife and three children in Khovd Province, Mongolia. He and his family live in a "ger," which is a yurt or traditional Mongolian nomadic housing tent. His oldest son, who is 27 years old, works to help with the family's earnings. His second son, who is 22 years old, attends the university. His youngest goes to a local secondary school.
Baatarhuu and his wife sell meat in their town. He started his business in 1998. After growing his business and stabilizing his income, he expanded his business by starting a taxi service with the car that he bought.
Baatarhuu is a very hard-working businessman who is focused on achieving his goals. He says, "I will be happy if I can give my children a good and happy life." He is requesting a 1,500,000 tugrug (~$1050 USD) loan to purchase meat to sell in his 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.