Yumjir is 31 years old and lives with his wife and son in a ger, a Mongolian yurt in the Hovd province of Mongolia.
He manages a taxi service business in his town. He started his business in 2008 and has gained much experience.
He is a polite man who is planning to have plot of land in the future.
He is requesting a 1,000,000 MNT loan to purchase spare parts to repair his taxi.
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.