Ganzorig is a 34-year-old man who lives with his wife and two children in Bulgan province, in Central Mongolia.
He has been running a pig farming business with his wife since 2004. He used to work for the flour factory, which had more than 200 pigs. Based on this experience, he has been running the business for eight years.
He fattens the pigs and, after a year, he sells to the local cafeteria. His wife is responsible for feeding the pigs everyday and sometimes she helps other entrepreneurs to fatten their pigs and is paid for it.
Ganzorig is a diligent and hardworking man who says that "I would like to expand the business activity by purchasing more pigs wholesale, so that my wife and I can improve the family income".
The total amount he is requesting is 3,900,000 MNT to purchase more pigs.
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.