With the help of his older brother, Battulga manages a wooden product-making business that he started in 2007; his wife helps to paint and wax those products. After gaining much experience and building up his clientele, he was able to move his production from his backyard to a workshop ger. Battulga now owns sufficient equipment to produce quality wooden products that are well-known amongst his customers.
An honest and hardworking man who says, "Life is good," he is requesting a 3,000,000 MNT loan to purchase a large amount of wood for his business.
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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