Buhbat is 32 years old and lives with his wife and three sons in a ger (a Mongolian yurt) in Zavhan province, Mongolia. His wife helps with his business. His oldest child is a school student and the younger two are in kindergarden. He started his firewood-preparing business in 2009 at home with his own saw. His saw is industrial and powerfull but unfortunately it needs some parts to be replaced. He is requesting 400,000 MNT to buy parts of the saw. He is a sharp and diligent man who says "It is now peak season for my business but my saw is not working. My family is having a crisis"
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.