Purevsuren is 38 years old and lives with his relatives in a house in Gobi-Altai province, Mongolia. He manages a public transportation service business between Gobi-Altai province and Ulaanbaatar, the capital of Mongolia.
Purevsuren started his business in 2006. At first he used to drive another person's minibus. By saving his salary he managed to buy his own minibus and began working independently in 2008. He travels four or six times in a month between Gobi-Altai and Ulaanbaatar. He transports 12-14 people for one ride. His business gets profitable during national or school holidays. He is a very safe and reliable driver who became well-known amongst his customers.
He is a diligent man who says, "All I want is a bright future for me and for my family." He is requesting a 1,000,000 MNT loan to purchase machinery parts for his minibus.
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.