Nasandelger, 35, is married and lives with his wife and two sons in the Bayanhongor Province of Mongolia. They live in a ger (Mongolian nomadic housing tent). His wife works as a salesperson for a company and his oldest son attends a local primary school. He started a transportation service business with his brother in 2000. In 2007, he began a wholesale trading business specializing in flour and rice which are loaded on a 20-ton container.
Now, he drives a car at Tavan Tolgoi, the biggest coal mine in Mongolia, located close to the Chinese border. He is a hard-working and modest person who says, "I am planning to build a house on my land that I bought three years ago. Therefore, I have to make more money. But in the future, I am thinking to operate a stable business in order to take care of my health."
He is requesting a loan of 3,000,000 MNT to help pay for the necessary spare parts and for maintenance costs for his car. His truck must be maintained properly in order for him to obtain income for his family.
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.