Gansuh is 40 years old and lives with his wife and daughter in a ger or Mongolian yurt in Mongolia's province of Uvs. His daughter is 14 years old and attends a local secondary school while his wife owns ice-cream producing business. Gansuh manages a transportation business which serves people in his area. After working for a time for a private company, he went into business for himself and is applying for a loan to pay for repairs to his truck. These repairs will allow him to work more efficiently and safely. He is a polite man who plans to have his own house in the future. He says, "I want to have everything I can work for in life." He is requesting a 1,800,000 MNT loan to buy parts 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.