Bayaraa is 26 years old and lives with his wife in ger (Mongolia tent) in Uvurhangai province, Mongolia.
His wife is a kindergarten teacher.
He started his plumbing business in 2010. Since then, his business has been successful and he is well known for his low-cost and reliable service.
His service is very convenient because he even takes on late night emergencies. However, his tools are not sufficient to run a plumbing business.
He is a hardworking and diligent man who says, "I work with my full resources, however there are times when I can't fix things due to my tools."
He is requesting 1,000,000 MNT to buy tools.
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.