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Buuveibaatar
Buuveibaatar B. lives with his wife and two teenage daughters in Arhangai province, one of Mongolia's central provinces. His daughters are students in a local high school. Buuveibaatar has a small factory for half-processing animal intestines, which he purchases from local herders. Once intestines are half-processed, he transports them to sausage factories in Ulaanbaatar, the capital of Mongolia.


Buuveibaatar runs his factory with the help of his wife and two daughters. Since he started out in 2003, his factory has done well; his business capital has increased from 1,000,000 MNT to 3,800,000 MNT. Buuveibaatar is now requesting a loan to purchase more unprocessed intestines for his business. In the future, he hopes to put aside some of his profits for his daughters' university tuition.

Additional Information

About XacBank

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.

About Mongolia

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,427.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,825 helped Buuveibaatar to purchase unprocessed intestines.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 3, 2009
Listed
Jul 6, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2010