Myagmarsuren is 26 years old and lives with his two daughters and wife in Han-Uul district of Ulaanbaatar city, Mongolia. His wife works as a relationship and communications manager. Currently, she is taking care of their children at home. Myagmarsuren operates a press center. He makes brochures, logos, and web sites. He started his business about three years ago and now is enrolled in the computer programming training. Although he did his BA in Accounting, he is more interested in having his own private business. He is a diligent and open-minded person who is requesting a 1,000,000 MNT loan to purchase a server for the business and rent a commercial space.
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.