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Batbayar is 20 years old and lives with his parents and sibling in the Chingeltei district of Ulaanbaatar, the capital city of Mongolia. They have been living together in a ger, the Mongolian nomadic tent, for 15 years. Batbayar is a meat preparer and cutter at Huchit Shonhor, the biggest food wholesaling market in Mongolia, where he has been working since 2004. With his earnings, he purchased his own car in 2008. Furthermore, he has been planning to open a counter of his own for a meat selling business at the Huchit Shonhor market.

Batbayar has been working hard to improve his family's quality of life. He is a very hardworking person and is focused on the future. Batbayar's sibling is in his first year at university. Batbayar is requesting a 1,000,000 tugrug (~ 750 USD) loan to pay his sibling's university tuition fee.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,368.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Batbayar to pay his sibling's university tuition fee.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 23, 2010
Apr 6, 2010
Currency Exchange Loss:
Feb 16, 2011