Mr. Erdenebileg is 50 years old. He lives with his wife and son in a ger, a traditional nomadic tent, in Bulgan province of Mongolia. His wife Altantsetseg works at a local sports center. His son Sainbayar is 23 and just started his master's in economics in Ulaanbaatar city.
Erdenebileg worked at the local National Emergency Management Agency for years and retired few years ago. He is an excellent driver and started a transportation service intercity between Bulgan and Orhon provinces for the past three years.
He is now requesting a loan of MNT 2,000,000 to purchase winter tires to secure him and his passangers during a cold winter with slippery roads.
He is hard-working, patient, and responsible man who says, "We are starting to save for our son's future education from now on."
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.