Boldoo started a carpentry business in 2008. In 2010 he bought a car and became a taxi driver. He is requesting a 1,000,000 MNT loan to purchase car repair equipment and materials so as to build a body shop.
Boldoo says, "There are many people who have body shops at their homes. I also have learned that a taxi service brings in a sufficient and consistent amount of income daily. Thus, I want to combine these two efficiently and offer the best quality service to my clients."
In the future, Boldoo plans to open a car body shop at his place.
About XacBankThis 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.
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