Batsuh is 35 years old and lives with his wife and two daughters in Uvs province, Mongolia. They live in a ger, a Mongolian yurt, in his parents' backyard. He manages a vegetable-trading business with the help of his wife.
He started his business in 2007. Now he owns 2.5 hectares of land where he plants daily consumption vegetables including potatoes, carrots and cabbage, etc. He harvests 40-45 tons of vegetables every year. His wife is responsible for selling their vegetables.
He is planning to have their own plot of land, which will allow him to build a house for his family. He is a polite man who says, "I want to buy a cow for my parents, so they can drink milk every day."
He is requesting a 1,000,000 MNT loan to purchase a cow and some seeds for his business.
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.