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Bathishig H. is 30 and lives with his wife and three small children in Ulaanbaatar, the capital city of Mongolia. His two children go to a local high school. Bathishig drives a small passenger car in Ulaanbaatar. Before this passenger transportation business, he used to sell second-hand car accessories at the local black market where most of the car-related products and services are offered.

Since he obtained permission to drive a passenger bus in the city, he decided to pursue the passenger transportation business as he saw brighter opportunities in the transportation business in the city. His wife Hajidmaa also helps in his business; she is the conductor on the bus and makes sure that money does not get lost. Bathishig requests a loan to maintain his house and to buy new tires for the bus.

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

  • $5,900
    Average annual income
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,442.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Bathishig for home maintenance and new tires.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jul 7, 2009
Jul 17, 2009
Currency Exchange Loss:
Aug 15, 2010