Ulzii is a 23-year-old man who lives with his sister and mother in a rented apartment in Ulaanbaatar city in Mongolia. All family members help him to run the business. He started his business in 2009 by renting a computer and a counter to run a typing and printing service. Now he owns his own computer and printer, and he also sells stationery. He is a hardworking and diligent man who says, "I started off small; however, I made it here and I see a very bright future in my business." He is requesting a 2,000,000 Mongolian tugriks loan (MNT) to purchase office supplies and to repair his workshop.
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.