Hurelsuh is 48 years old and lives with his wife in a ger (a Mongolian yurt) in Bayanhongor province, Mongolia. His wife helps with his business and their kids are all employed and independent. He started his business in 2003 by retailing garments. However, since 2010 he started selling cart food, which is more profitable. It is more profitable,but, it is difficult to run it on a sunny hot day or blistering cold day. He sells his products by using his own car. He is lacking 2,800,000 MNT to buy grocery products from Erlian to sell in the rural area. He is a sharp and diligent man who says, "Now that my kids are old enough, it is time to concentrate on my business".
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.