Mr. Gansuh is 43 years old and lives with his wife and 2 children in a small house in Zavhan province, Mongolia. His wife is teacher at the local public school. His 2 children are local high school students.
Since 2008, Gansuh has been working at a local mining site as a heavy truck driver during the months of May to October. He provides construction and renovation services in town during his off-duty months. He is a well-experienced, reliable and hardworking man who is now in need of 1,000,000 MNT to purchase construction supplies to finish renovating a house for his client. He is a repeat borrower of XacBank and a responsible and diligent man with good previous loan records.
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.