Battulga is 31 years old and lives with his wife and daughter in a ger (Mongolian yurt) in Bayanhongor Province, Mongolia. His wife is a chef in a small cafe, and his daughter goes to kindergarten. He started his taxi service business in 2007 using his own car. A few months ago, his engine broke and his business stopped. Now that his family's financial situation is getting worse, he is requesting 600,000 MNT to buy spare parts for his car. He is a hard-working and diligent man who says, "It has been hard since my car broke, I have to do everything I can to make this right."
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.