Bold, 27, is married and lives with his wife and two-year-old son in Ulaanbaatar, the capital of Mongolia. He works as a computer program developer. He now earns money from a computer program he recently developed called Message Messy by cooperating with TV channels. It is a program that TV channels can use to communicate with the public through mobile texting. People can send texts while the channel is on and participate in TV games or order their favorite music.
Now he is working on other programs and his previous work helps him to earn an income that supports his family. He wants to improve his developing skills and expand his business operation. He is a hard-working, sociable and dedicated person who wants to operate his own TV channel in the future. Bold is requesting a loan of 3,000,000 MNT to prepare new broadcast in C1 TV.
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.