Battsengel is 31 years old and lives with his wife in ger, a Mongolian yurt (nomadic tent), in Tosontsengel province of Mongolia. His wife helps with his business. He started his traditional Mongolian shoe making business in 2008 in his own home. He learned shoe making from his father. He is well experienced in making shoes. Currently, his business is going so well. He is a bright and hardworking man who says "I love to make shoes. I inherited this skill from my father and I want to make him proud also I have a vision that someday I would build my own workshop". He is requesting 1,000,000 MNT to buy more materials to make shoes.
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.