Zorigtbaatar would eventually like to expand his shoemaking business. The continued growth of both businesses - transportation and shoemaking - has enabled him to purchase a car and to improve his family's quality of life. Zorigtbaatar works hard and is a modest, easygoing person. He says, “I hope to operate a stable business so that I can continue to provide for my children's education.” He is requesting a 1,000,000 MNT loan to purchase shoemaking materials such as glue, leather, rubber and tools as well as car repairing materials.
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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