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Baterdene
Baterdene D. is 47 years old and lives with his wife in Ulaanbaatar, Mongolia’s capital city. He and his wife live in their own house. He is divorced from his previous wife and his children live with their mother. Since 2008, he has been operating a taxi service using his own car, after working in the government agency for several years. He plans to fix his house and improve his family's standard of living.

Baterdene is requesting a 800,000 MNT loan to purchase spare parts for his car and remodel his house.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,245.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Baterdene to purchase spare parts for his car.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2010
Listed
Nov 25, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 24, 2011