Ochirpurev C. is 38 years old and lives with his wife and two children in Uvurhangai province, Mongolia. He and his family live together in a ger, a traditional Mongolian nomadic tent. Both his children, ages 15 and 11, attend local school while his wife operates a sewing business at home. His son has a congenital decease of hip dislocation and has to be under treatment all the time.
Ochirpurev operates an iron crafting business in his town. Before starting his iron craft business, he worked as a plumber in the school between 1989 and 1998. Since 1998, he started his own business by operating an electricwelding service in his home. He produces a variety of chimney and iron doors for fences in his own workplace that was built and completed in his yard. Moreover, he makes trailer and carriage bodies for vehicles according to customers' orders. Currently, he made contracts with construction companies to produce a variety of fence's doors, fence and roof items etc.
Over the many years of work, he has built a stable and successful operation and has gained much experience as a craftsman. Ochirpurev says, " I am one of first iron smiths in my town therefore my products are known and popular in the local community. It is good to learn and have one's skill". He is requesting a 2,300,000 MNT loan in order to purchase awelding machine with high capacity and steels and irons used for making stove pipe, chimney, door etc, for his iron craft business.
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.