With his earnings, Delgertsogt has been able to start building a house. He would like to one day own his own supermarket where he could sell a variety of consumer goods and grocery products. A modest, honest and hardworking man, Delgertsogt is requesting a 3,000,000 MNT loan in order to increase his working capital and build a new house that will used as a service center.
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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