Shijirbaatar B., 25, is married and lives with his wife and two daughters in a house in the Sansar area of Ulaanbaatar, the capital city of Mongolia. His daughters haven't reached school age, so they stay home, and his wife, age 25, is a student.
He manages an Internet and PC game business near his home. He started his business in 2006 after his graduation. At first he opened his PC game place with 10 computers installed with the help of his wife. Since then he has managed to stabilize his business and has built a strong customer base.
He has been managing his business for four years and has gained much experience. His business has been quite successful, which has allowed him to buy a mini-truck which he uses in a coal-trading business during winter time.
He is planning to expand his business and improve his working place in the future. He is an open-minded man who says, "I am planning to renew the processors of my business in order to attract more customers."
He is requesting a 3,000,000 MNT loan to purchase new processors for his PC game business and to buy a mini-bus in order to start a transportation business between Ulaanbaatar city and the countryside area of Mongolia.
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.