Battogtoh is a forty-two-year-old man who lives with his wife and a son in Dornogovi province, Mongolia. His wife is unemployed and his son is in secondary school. Battogtoh is a craftsman who makes gold and silver jewelery. He offers variety of options in different styles to customers. He has been running the business since 1991. As he does not have a workshop, he runs the business activity inside his fence in summertime and at home in wintertime.
Battogtoh is a talented craftsman who says that "I would like to expand the business activity by building my own workshop inside the fence". The total amount he is requesting is 2,700,000 MNT to buy construction materials to build the workshop.
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.