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Batbold
Batbold G. is a 41-year-old who lives with his wife and daughter in Uvurhangai province, in central Mongolia. He and his family live together in a 'ger', a traditional Mongolian nomadic tent. His daughter attends a local secondary school while his wife helps with the business.

Batbold operates a small cafeteria in his town. His cafeteria specializes in a variety of meals. Batbold started his business in 2007 by cooking meals at a small rented place in the center of his town. After years of successful operation, his earnings enabled him to build a house for his family.

Batbold is now thinking about expanding further and hopes to soon open his own small cafeteria. He is a modest, open-minded and productive person who is requesting a 3,000,000 MNT loan to purchase more supplies, food ingredients 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

  • $2,175
    Average annual income
  • 1
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,360.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,225 helped Batbold to purchase inventory to prepare dishes.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2010
Listed
Jul 5, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 28, 2011