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Batsuren
Batsuren Y. is 38 years old and lives with his three daughters in the Bayanzurh district of Ulaanbaatar, the capital city of Mongolia. Two of his daughters are students in a local high school #84. His youngest daughter is just 3 years old and stays home with her mother. Batsuren's family moved to Ulaanbaatar after selling off all their livestock in the countryside where they were born.

Batsuren's family runs a small convenience store which is located just next to their small house. They sell various food products such as soft-drinks, bread, candies, etc. His wife works as a saleswoman at the store and Batsuren frequently goes to the wholesale markets in the city to purchase food products for his store. Batsuren and his wife dream of making their small convenience store into a large supermarket where they will be able to sell a more diverse range of products in the neighborhood.

Batsuren requests a loan to purchase more food products for their store and, with the left-over money, would also would like to fix the roof of the store before the harsh winter.

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
  • 1
    View loans »
    Mongolia Loans Fundraising
  • $15,353,325
    Funds lent in using Kiva
  • 1,442.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Batsuren to purchase more food products for their store and to fix the roof.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 1, 2009
Listed
Jul 17, 2009
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2010