Agichuluun is 23 years old and lives with his wife and son in a ger, a Mongolian traditional nomadic housing tent, in Gobi-Altai province, Mongolia. His wife is a student who recently gave a birth and is looking after their son.
Agichuluun manages a lama service and a grocery trading business in his town. He began his lama service in 2008, after graduation from a religious institution. At his school he learned about Buddhism, with the traditional Tibetan rituals of curing and exorcism which is intended for individual release from suffering and the cycles of rebirth. Now he has become one of the popular monks in his town.
Last year, Agichuluun began continuing his parent's business of grocery trading. He is an open-minded and serious man who says, "dreams will come true if one's thought is pure." He is requesting a 2,700,000 MNT loan to purchase grocery items for his business and a car in order to start a taxi service business as well.
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.