Bergenbek is 34 years old and lives with his wife, brother, and father in a ger (a Mongolian yurt) in the Bayan-Ulgii province of Mongolia. His wife is currently unemployed. His brother is working at a local company. His father is in pension but used to work in local transportation. Since his father's retirement in 2005, Bergenbek started to drive a transportation truck. Now he transports coals from the Hongor mine. He has many years of work and business experience. He is a diligent and hard-working man who says, "I want to change my current truck for a bigger one so that I can increase my income and build a good life." He is requesting a 2,500,000 MNT loan to purchase coal, store petrol, and to fix his truck. He mentions that the demand of coal is increasing due to the approaching winter season.
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.