Chuluunbaatar is a 30-year-old single man who lives with his sister in Ulaanbaatar, a capital city of Mongolia. He and his sister's family live in a ger, a traditional Mongolian nomadic housing tent.
Chuluunbaatar operates a taxi service in the city using his own car. Before starting his business, Chuluunbaatar used to live in the countryside as a herder in the Bayan-Ulgii province. He sold his livestock to purchase a car, which enabled him to start operating his transportation business in 2006.
For the future, he plans to continue running this business with stable operation to save more money so that he can marry.
He is requesting a 500,000 Mongolian tugriks loan to repair his car engine as well as to buy medicine for his mother, who is under bad health conditions.
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.