Birleshan is 51 years old and lives with his wife and four children in Bayn-Ulgii province, Mongolia. He and his family live together in a ger, the Mongolian nomadic tent. Two of his children, Jagslag and Ainur, are university students. His youngest son, Bekbolat, is a secondary school student.
Currently, Birleshan operates a clothing trading business with his wife at a local market, called Tirlik. They have been operating their business since 1998, have steadily expanded their business and have become experienced traders over the past twelve years. Birleshan purchases fashionable and modern clothing for his young customers. He and his wife have built a loyal customer base because of their good selection of products and excellent communication skills. He purchases his products once a month for 300,000 – 600,000 tugrugs (~ 215 - 430 USD). Birleshan's daily sales are 80,000 – 120,000 (~ 60 - 85 USD). His average monthly profit is 200,000 – 400,000 tugrugs (~ 142 – 285 USD). Birleshan is an honest person who has a great business mind. He says, “I don't like to delay today's work to tomorrow. Today is today, tomorrow is tomorrow.”
He is requesting a 4,000,000 tugrug (~ 2860 USD) loan to purchase more inventory in Taikeshken, a Chinese border town.
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.