Rozbek is 37 years old and lives with his wife and three children in their own house in Hovd province, Mongolia. His three children all attend local secondary school. His wife is a cook who manages a cafe in their town. Rozbek is a driver and operates a transportation service in his town.
Rozbek worked as a driver at a private company for 6 years and started his business in 2004 with his own truck. Besides his transportation service he conducts a vegetable planting and selling business in order to contribute to his family earnings. He is an open-minded and diligent man who says, "I am planning to plant more vegetables this year." He is requesting a 3,000,000 MNT loan to purchase some auto parts for his truck and some seeds for his vegetable planting business.
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.