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Baatarsuren, 30, lives with his wife and his newly born son in Ulaanbaatar, the capital of Mongolia. They live in a ger, which is a Mongolian nomadic housing tent, on the outskirts of the city. He is requesting a loan of 3,500,000 Mongolian tugrik (MNT) to buy more winter clothing to sell at his outdoor stall at the market.

Baatarsuren started his business trading clothing in the year 2000 at Narantuul, a big outdoor market, and has continued to operate his business successfully. While he says his family has a decent standard of living, he wants to expand his business further and increase his profit to better support his family.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,239.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,825 helped Baatarsuren to buy more winter clothing.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Jan 6, 2011
Jan 28, 2011
Currency Exchange Loss:
Jan 15, 2013