Batsuh is a 32 year old man who lives with his wife and two children in Hovd province in Western Mongolia. His wife is a needlewoman and his two kids go to school.
Batsuh has been making wooden furniture for 7 years. He is quite experienced in the field and the products he makes are well known in the town. Therefore, he receives orders for his products from individuals as well as some enterprises. He is a talented carpenter who says that "I would like to expand the business by getting the materials in large quantities".
He is requesting for a loan of MNT 1,000,000 to purchase wood for production.
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.