Haltar is 44 years old and lives with his children and wife in a ger, a Mongolian yurt, in the Tosontsengel province of Mongolia. His three sons are high school students. The youngest son goes to the kindergarten.
He started his business in 2009 by making clothes at home. He is managing his business successfully. He is encouraged with the profits he earns. He is planning to expand his business in the future.
He is a hardworking and diligent man who says, "I want to expand my business and improve my life with the bank loan. In the future, I want to buy a car and equipment for my business."
He is requesting a 1,200,000 MNT loan to buy sewing materials for his business.
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.