Gantulga is 25 years old, and lives with his wife and daughter in a ger (Mongolian yurt) in Bayanhongor province, Mongolia. His wife is taking a kindergarden teacher training, and his daughter goes to the kindergarden. He started his meat retailing business in 2008. Now his meat products range has expanded and he sells flour as well. He is a sharp and hardworking man who says, "My goal is to support my family." He is requesting MNT 1,400,000 to buy meat before winter, when the price gets high.
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.