Mr.Batmunh is 31 years old. He lives with his wife and son in a small house in Zavhan province, Mongolia. His wife, Altantsetseg, is a teacher at a local school. His son is five years old and attends the local kindergarten.
Since 2009, Batmunh has been running a business, selling animal pelts and other livestock parts, which are used as the raw material for a lot of things. He has purchased a small truck for his business use. He is now planning to purchase a large amount of animal pelts and other intestines to sell to manufacturers in Ulaanbaatar. He is requesting a loan of 2,500,000 MNT to facilitate this purchase and increase both his inventory and his sales income.
He is a hardworking, diligent and helpful man.
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.