Batjargal's wife is mainly responsible for selling the meat and he is responsible for transporting people's goods and luggage from and to the countryside and center of the province. He transports 1-2 times per month during the warm weather and 2 times per season during cold weather.
He started his business with the help of his father in 2000. With years of business experience, he was able to start his own transportation business in 2007. He manages the finances of the business and advises his wife on the day-to-day operations. They have gained much experience and are planning to continue and maintain their business for the future. With their business gain they were able to make the remaining payment on their new truck and bought a carpet for their home.
For the future they want to build a house for themselves. Batjargal says, “I want to save enough money for my children's education while they are young. Also I would like to buy a car for myself.” He is requesting a 1,000,000 tugrug (~700 USD) loan to purchase fodder to sell to herders in remote areas.
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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