Battur is 36 years old and lives with his mother and his sister's two children in an old small house of Ulaanbaatar, the capital city of Mongolia. He is disabled. His sister passed away few years ago. His mother retired. His sister's children are secondary school students. He started his handicraft businesses with his younger brother in 2002. He paints a picture on leather. He sells his products in the state department store and other souvenir's shops. Today, Battur has been well-experienced in handicraft business in his town residents appreciates him as a hardworking and diligent man. He is planning to export his products to China and expand his business. He requesting 3,800,000 to hire employees, to make16 pictures.
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.