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Aimshigguibaatar
Aimshigguibaatar S. is a 41 year old single father. He lives with his two year old son, Bulganhangai, in Arkhangai province in Central Mongolia. He has lived at the same home for the past 17 years. His son currently attends a local kindergarten.

Aimshigguibaatar operates a small iron production business in his town where he makes iron products such as water tank trailers and stoves. He manages the business and produces all of the products himself. Aimshigguibaatar started his iron production business in 2007 with 80,000 tugrugs in capital. Thanks to his hardworking and open-minded attitude, he has developed a successful business and has used the profits to provide a better life for his family. Today, his business capital exceeds 700,000 tugrugs. He is requesting a 1,500,000 tugrug (~1,035 USD) loan to purchase welding machine parts for his iron production business.

Aimshigguibaatar hopes to continue to grow his business so that he can further provide a quality life and opportunities for his son. He says, “I dream that my son will become an educated and intelligent person.”

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
  • 1,413.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Aimshigguibaatar to purchase welding machine parts for his iron production business.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 19, 2009
Listed
Sep 9, 2009
Currency Exchange Loss:
Possible
Ended:
Oct 20, 2011