With the help of his wife, Unenjargal manages a coal and brick-trading business that he started in 2004. The coal-trading business is profitable during the cold seasons, while brick-trading is popular during warm seasons. He has gained much experience and is planning to have his own working place in the future because he currently faces high rental expenses. Unenjaral is requesting a 2,500,000 MNT loan to purchase sand, cement and bricks to sell in the summer.
About XacBankThis 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.
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