Batsuh is a 39-year-old man who lives with his wife and 3 children in the capital city of Mongolia. He and his wife both run a taxi service. He earns 65 to 70 thousand MNT a day and the business has been successful.
He runs a construction decoration job in the summertime. He needs to buy some construction materials and some tools for the business to continue. Batsuh is a hardworking man who says, "I would like to continue the business so that I could raise more money in the summertime and save for my children."
The total amount he is requesting is 1,500,000 MNT to buy the construction decoration materials and tools.
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.