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Batbaatar is 31 years old and lives with his wife and daughter in Arhangai province in central Mongolia. He and his family live in a ger, a traditional Mongolian nomadic housing tent.

Batbaatar operates a vegetable trading business in his town. He provides a large selection of vegetables to his customers. He started his grocery business in 2006 with a working capital amount of 350,000 MNT and has since built a stable operation with many permanent and loyal customers. After several years of successful business activity, his working capital exceeds 1,300,000 MNT. For the future, he hopes for continued success and to expand his business.

He is requesting a 600,000 MNT loan to purchase more vegetables for his grocery 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
  • 1,242.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Batbaatar to purchase more vegetables.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 10, 2011
Jan 21, 2011
Currency Exchange Loss:
Nov 19, 2011