Sundui T., 24, is married and lives with his wife and a 1-year-old son in the Hovd province of Mongolia.
His wife is unemployed and looks after their baby. Sundui began operating a computer repair service in 2005 and opened an Internet center in 2010 in addition to his previous business. He holds a degree in IT engineering and it has been an advantage for him to run his business successfully.
Now he repairs computers, runs his Internet center and has recently opened a photography studio for his business. He is a hardworking person who says, "My wife has not finished her university yet and I am taking care of my family by my business profits."
He is requesting a loan of 2,800,000 MNT to purchase more gear for his photography studio.
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.