Battor has run his taxi service business in town since 2000 and has worked at a local auto repair company for years; he also purchased a second-hand truck to provide transportation service between the provincial center and Ulaanbaatar, the capital city. A well-experienced driver, Battor is requesting a loan of 2,300,000 MNT to purchase silk, cotton and other material for his wife to expand her tailoring business to increase family income.
Battor's family is hardworking, friendly and positive.
About XacBankThis 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.
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Success!! The loan was 100% repaid