Batsuren is 33 years old and lives with his wife and three children in a ger (a Mongolian yurt) in Zavhan Province, Mongolia. His wife babysits their two infants and the eldest son is a school student. He started his dairy retailing business in 2001 by renting a counter at the local market. Now he goes to the rural areas by himself to collect the supplies and sells them. With the business profit, he has expanded his counter space and has bought a car.
During winter, dairy products' prices become high: before then, he needs to save some supplies. He is a sharp and hardworking man who says "My business is highly competitive. I need to work even harder in order to support my children". He is requesting a 3,000,000 MNT loan to buy milk and livestock.
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.