Huralgan is 30 years old. He lives with his wife in a ger, a traditional Mongolian nomadic housing tent in Bayan-Ulgii province, Mongolia. His wife is unemployed.
Huralgan manages a transportation-service business in his town. He started his business in 2000. He transports construction materials such as rocks, wood and iron. He earns 28,000 MNT; about 4200 is the net profit from one ride. He transports material 3-5 times per day. He gained much experience and is planning to continue his business in the future. He is an honest man who attributes his business success to his good communication skills.
He says, "I am trying hard to better my living condition." He is requesting a 2,500,000 MNT loan to buy tires and to repair some parts of his truck.
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.