Tsogoo lives with his wife and two children in a ger, a Mongolian yurt in the Uvs province of Mongolia. His older daughter, age 24, is a student while his younger daughter, age 18, is in secondary school.
His wife makes Mongolian traditional shoes during winter time and helps in the family business during summer time.
He manages a vegetable planting and trading business in his town. He started his business in 2001 and has gained much experience. He has been able to build a good relationship with both his partners and his customers.
He used to have a 0.5 hectare plot of land that was expanded to 1 hectare in 2009. His business earning is a vital source of income for his family. He is an honest man who says, "I am planning to expand my business."
He is requesting a 450,000 MNT loan to purchase pesticides and fertilizers 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.