Battur lives with his wife and 3 kids in a ger a traditional nomadic tent in the Tosontsengel province of Mongolia. His wife stays at home. Two of his kids are elementary school students, the other is an infant. Battur operates a furniture-making business. He started his business in 2010. He has a bright vision that he will be a successful and well-experienced businessman. He is requesting a 3,000,000 MNT loan to purchase more wood materials from Jargal sum (a county in the Huvsgul Province)
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.