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Battogtoh, 48 years old, lives with his wife and five children in a ger, the Mongolian nomadic tent, in Uvs Province, Mongolia. His oldest daughter, Tsetseggerel, is 20 years old and a university student, while his oldest son, Altangerel, is 22 and helps in his parents' business.

Battogtoh and his wife operate two businesses in their town. In 2001 they started a raw material trading business that sells a variety of materials including sheepskin, wool, and cashmere. In 2005 they purchased 20 hectares of land to plant wheat, a seasonal business not operating in the winter.

Battogtoh is a great businessman and father. He says, “Me and my wife are working hard to purchase a house for my oldest son and to create a bright future for all of my children.” He is now requesting a 2,500,000 tugrug (~ 1830 USD) loan to purchase a large amount of wheat seed for his agriculture business and more wool and cashmere for his raw material 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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,381.8
    Mongolia Tugriks (MNT) = $1 USD