Mr. Batchuluun is 41 years old and lives with his wife and 2 sons in an apartment in the Tolgoit area of Ulaanbaatar, Mongolia. His wife Tsolmon is currently unemployed and stays home. His older son is a university student and his younger son is a senior at a local high school.
Batchuluun had worked at local cafeteria for 5 years until 2001. He is a well-experienced chef with passion for his profession. He graduated from school as a food technologist years ago and started his business at a local market rental booth after he quit his job at the cafeteria in 2001.
He is now requesting loan of 2,500,000 MNT to purchase food inventories for his cafeteria booth.
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.