Sodnomdorj began to drive a microbus around the city, transporting passengers from one side of the city to the other, in 2005. His wife works with him as the conductor while he drives the bus. Sodnomdorj also started a raw materials sales business in 2007. He is a hardworking and honest person who says, "I would like to rebuild the engine and acquire some parts for the microbus in order to operate my public transportation business consistently and increase my profit." He is requesting a loan of 1,500,000 MNT to buy spare parts and cover maintenance costs for his current microbus.
About XacBankThis 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.
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