Dalelhan is 56 years old and lives with his wife and son in a house in Hovd province in Mongolia. His son is a driver who owns a taxi service and his wife, age 54, is retired.
Dalelhan is a technician for a private company and also conducts a vegetable farming and trading business in his town. He started his business in 2006. Now he owns 1 hectare of land where he plants daily consumption vegetables. Dalelhan is a kind man who is planning to expand his business. He is requesting a loan for 2,000,000 MNT to purchase 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.