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Batsaihan
Batsaihan C. is 45 years old and lives with his wife and three children in a ger, a traditional Mongolian nomadic tent, in the Arhangai Province of Mongolia. His two oldest sons attend a local high school, while his wife operates a construction business in the summer months. Batsaihan has timber trading and transportation businesses in his town.



Batsaihan started his transportation business between Arhangai and Ulaanbaatar, a capital city of Mongolia, in 1998 after purchasing a Russian jeep. He started his business with 450,000 MNT of working capital which has since grown to 6,000,000 MNT. After many years of successful operation, he was able to replace his vehicle with a much larger larger truck for 8,500,000 MNT.



Batsaihan, a very friendly man who has gained much experience both as a driver and businessman, is requesting a 2,300,000 MNT loan to enhance his transportation 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
  • 15
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,202.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Batsaihan to enhance his transportation business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2010
Listed
Dec 14, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 19, 2011