Mr. Batsuh is 48 years old and lives with his wife and four daughters in a ger in Uvs province of Mongolia. His daughters study at local schools and university. His wife, Tsendsuren, is currently unemployed and starting a tailoring business at home along with taking care of the family. Batsuh has been running a taxi service since 2004. He is a well experienced and hardworking man who is now requesting a loan of $2,100 US to replace his vehicle's tires to provide a taxi service smoothly with no sudden pause. He is the only working person at this time and he covers all the family expenses with his taxi service.
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.