Hurelhuyag T. is 45 years old and lives with his wife and three children in Uvs province, Mongolia. He and his family live together in a 'ger', a traditional Mongolian nomadic tent home, in the yard of the organization where he works as a guard. The family lost their home to a fire in 2008 but the couple is working very hard to establish their home again. His wife works as a cleaner in a local grocery shop.
Hurelhuyag has been making wooden ger frames such as walls, ceilings, etc., for the past 20 years and has gained a lot of experience as a craftsman. He usually produces wooden ger frames with 5, 6, or 8 walls according to his customers' orders. Last summer, he made 20 ger frames. His son helps him to produce his wooden products.
After many years of owing this business, he has built up a stable and successful operation and his earnings have enabled him to pay his daughter's tuition fees. In the future, as he continues support his family, he hopes to grow his business further by producing not only ger frames but also ger furniture.
Hurelhuyag is a hardworking man and says, "I try to live well without falling into the difficulties and barriers of life." He is requesting a 450,000 MNT loan to purchase more wood and supplies for his ger frame-making 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.