In his town, Tuleujan currently operates a transportation business which he began in 1995 by transporting and delivering a variety of loads using his own truck. During the summer months, he uses his small car as a taxi, transporting people between two sub provinces, while in winter months he transports and sells firewood and coal in the local market. As well, Tuleujan transports loads between Ulaanbaatar, Mongolia's capital city and Tashkent, a city in China. Over the years, he has built a stable and successful operation and gained much experience as a driver. His truck can carry up to 13 tons of coal at one time, earning him a net profit of between 5000 and 1000 MNT per ton of coal. His profits have enabled him to build a new house with three rooms.
A very honest and hardworking man, Tuleujan says, "I want to save money for my children's future education." He is now requesting a 2,500,000 MNT loan to repair the small car he uses as a taxi and to purchase more coal from the countryside and four new wheels for his vehicle.
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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