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Batbaatar L. is 41 years old and lives with his wife and four teenage children in Arkhangai province in central Mongolia. He and his family live together in a ger, a traditional Mongolian nomadic tent. His oldest son, Erdenehuu, attends a vocational training center and his other three children all attend a local secondary school.

Batbaatar operates an auto repair service in his town and is a professional mechanic. He has been operating his business since 2000, and has steadily expanded his business over the past 10 years. His services include soldering, painting, scratch removal and other auto repair services. He operates his service in the yard beside his ger. After years of success, he has used his earnings to help his wife start a meat selling business. Batbaabar's dream is to one day to open a large auto repair center. He is a very skilled mechanic and hardworking person. He feels that it is most important to try and provide the highest quality service to his customers. He is requesting a 2,400,000 MNT loan to purchase spare parts and other necessary materials for his 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
  • 7
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    Funds lent in using Kiva
  • 1,382.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,750 helped Batbaatar to purchase spare parts.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 19, 2010
May 14, 2010
Currency Exchange Loss:
Mar 24, 2011