Purevdorj is a 23 years old man who lives with his wife and a son in Govi-Altai province in Southern Mongolia. His wife is unemployed but makes the traditional clothes at home. He has been making wooden products since 2007, when he was graduated the college. He is a professional person on the field and creates different kinds of products. He has been improving the household with the income from the business. Purevdorj is a hardworking man who says that "I would like to expand the business activity by making the workplace bigger than now so that I could continue the business in 4 seasons, not only in summer." The total amount he is requesting is 3,000,000 MNT to build the workplace bigger.
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.