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Battumur
Battumur is 44 years old and lives with his wife and three children in Zavhan province, Mongolia. He and his family live together in a ger, the traditional Mongolian nomadic housing tent. His wife, Uranchimeg, is a nurse in a local hospital. They have been living together in their current home for twenty years.

Presently, Battumur operates a transportation and timber-trading business in his town. During the winter, he transports coal and for the other three seasons he transports timber to Gobi-Altai province. He has been operating a transportation business for thirteen years, as well as a timber trading business for five years, and has steadily expanded his businesses.

Battumur has gained much experience in previous years and has a loyal customer base. He is a very hardworking person with a good personality. He says, “I am working hard to create financial security for my children's future.”

Battumur is requesting a 2,500,000 tugrug loan to purchase more timber for his timber-trading business.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Battumur to purchase more timber to sell.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2010
Listed
Mar 29, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 16, 2011