Sharavdorj S. is 41 years old and lives with his wife and two daughters in a house in the Zavhan province of Mongolia.
His wife is an officer at the tax department of Zavhan province. His two daughters, age 8 and 14, both attend secondary school.
Sharavdorj manages an animal rawhides-trading business between the center of Zavhan province and his town. He started his business in 1998. Since then his business has been quite successful and that allowed him to expand it not only in the center of Zavhan province but also in the capital city of Mongolia.
With his business earnings, he had a chance to renew his car and to build a house that they live in today.
During years of business operation he gained much experience and developed good communications with his partners. He is an honest man who says, "I am trying hard to better the living condition of my family."
He is requesting a 3,000,000 MNT loan to purchase more animal rawhides from local residents in his town.
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.