Batorgil, age 44, started his water delivery service in 2003, transporting his wares by horse and carriage. He is one of only two people in the district who deliver water and therefore has many customers. The carriage, however, is old and currently unable to operate. Batorgil is requesting 1,300,000 MNT to make necessary repairs to his carriage as well as to store up some food for his horse during the winter.
He is a sharp and hardworking man who lives with his wife and two children in a "ger" (a Mongolian yurt) in Bulgan province, Mongolia. His wife is employed as a janitor. Their eldest child is a college student and the younger one is enrolled is school.
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.