Batirhan is 54 years old and lives with his wife and two kids in a ger (Mongolian yurt) in Bayan-Ulgii province in western Mongolia. His wife helps with his business, and his older child is a college student and the younger one is a school student.
He started his garment retailing business in 1998 by renting a counter in the market. Over the years, he gained many customers and his garments are high quality and fashionable. Mostly, his wife sits at the counter and he drives a taxi as a second income source. He is a sharp and hard-working man who says "Now that my daughter is a college student, I should work even harder." He is requesting 2,800,000 MNT to buy more clothes from Erlian for a holiday season in Mongolia.
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.