Delgersaihan is 23 years old and lives with his wife and son in a ger (Mongolian yurt) in Uvurhangai province, Mongolia. His wife helps with his business and his son is a kindergarden student. He started his garment retailing business in 2010 by renting a counter in market. Even though he is fairly new to the business, he has gained many regular customers and trusted suppliers.
His products are fashionable and of high quality. Now that Mongolia's biggest festival is approaching, his demands are increasing. Therefore, he thinks that this would be his chance to gain more customers. He is requesting 1,000,000 MNT to buy more clothes from Erlian. He is a sharp and hardworking man who says "My current income is not quite enough to support my family. I think this would be my opportunity to increase my income"
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.