Batbold is 39 years old and lives with his wife and three children in a ger, a Mongolian yurt, in the Huvsgul province of Mongolia. His older daughter is a student and his younger two attend secondary school. He manages a Mongolian traditional clothing and shoe making business with the help of his wife. He was born in Zavhan province in 1972. Since childhood, he learned to make clothes and shoes, as it was his family's business. Now he is one of the experienced and skillful tailors in his town. He started his own business in 2000 after his movement to Murun sum. He produces a variety of clothes and shoes for all ages. Moreover, he has been honored as the best shoemaker of 2010. His customers respect him well. He is a diligent and hardworking man who says, "I want to increase my working capital and make my products as brand product in my province." He is requesting a 1,000,000 MNT loan to purchase materials 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.