D. Ganbat is 53 years old and lives with his wife in a small house in the Chingeltei district of Ulaanbaatar. He has been operating a clothing trade business since 1998. He has been managing his current clothes retail at a rental counter at a local market since 2008. He has years of experience and gained a lot of customers' trust over the years. He is now requesting 2,000,000 MNT to import winter clothes to increase the variety of goods and boost seasonal sales. He is a loyal client of Xacbank's seven times with no delinquencies. Ganbat is a positive, responsible and hardworking person.
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.