Mr.Batbaatar is 35 years old lives in Ger, traditional nomadic yurt in Dornogovi province, Mongolia. He started his own business as auto repair service at home in 2000. He has lot of experience in running small business and have little black book to keep all the record of clients and bookkeeping. He is now providing transportation service business in town with his truck. He is very hardworking man who always busy working or helping others. He is now requesting loan of 4,000,000MNT to purchase spare parts and replace them in his car by himself to ensure his business operation and safety.
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.