Batdelger is 38 years old and lives with his wife in a ger, Mongolian yurt, in his older brother's backyard. They live in Songinohairhan district, Ulaanbaatar, capital city of Mongolia. His wife is a sales person who operates her own grocery store.
Batdelger manages a goldsmith business at a rented booth at a trading center called Duuhee. He started his business in 2009 and has been able to stabilize his business. Now he is one of the experienced businessmen who managed to build a strong customer base. He is planning to have his own workshop in the near future.
He is a polite man who says, "I am planning to save my earning in order to buy a plot of land where I can build a house for my family." He is requesting a 3,500,000 MNT loan to purchase a plot of land for his family use.
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.