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Bataa
Bataa is a 39-year-old widow who lives with her two daughters in a ger, the Mongolian traditional nomadic housing tent, in Uvurhangai province, Mongolia. Her older daughter is a student, while her younger daughter is a pupil. She manages a food cafe in her town.

She started her business in 2004 at a rented booth at a local secondary school. She prepares and provides both teachers' and students' meals at her food cafe. She employs two workers, the chief cook and the assistant cook. Her food cafe offers a variety of delicious sandwiches, salads, smoothies, coffee and more. Therefore, students are delighted to receive service at her cafe.

She is a diligent woman who attributes her business success to her good accounting skills. She says, "After my husband's death it was hard to feed and educate my children. But now we have learned to earn money, which fills our needs."

Bataa is requesting a 3,100,000 MNT of loan to purchase vegetables, flour and some seasonings for her 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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,202.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,600 helped Bataa to purchase vegetables, flour and some seasonings.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2011
Listed
Apr 15, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013