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Batkhuyag
Mr.Batkhuyag is 53 years old. He lives with his wife and three of his children in Ulaanbaatar, the capital city of Mongolia. He has 5 children, but the two eldest ones are married and live separately. Bathuyag has a job contract with a tourist company. He owns a minivan, which he uses to transport tourists to the countryside.

Batkhuyag owns a plot of land and recently he completed the building of a family house. Now he is working on his garden. He likes growing different plants and fruits in his garden. He is applying for a loan to buy sea buck thorn trees to plant in his garden. These trees give yellow berries that are rich in vitamin C and they can stand the very cold winter. A lots of people grow and harvest sea buck thorn berries and sell them to pharmaceutical companies for money. For 1 kilo of raw berries, on the vegetable market, the cost is around 6000 Mongolian tugriks (around 5USD).

Additional Information

About Credit Mongol

Credit Mongol is the largest non-banking financial institution (NBFI) in Mongolia. Its mission is to contribute to the prosperity of Mongolians by providing high-quality, affordable and varied financial services to micro-entrepreneurs and small-to-medium-sized businesses. It prioritizes serving remote, rural populations that have typically lacked access to credit and other financial services. Uniquely, it offers solar panel loans to nomadic herders, most of whom live without electricity.

About Mongolia

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,259.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Batkhuyag to buy sea buckthorn trees and to plant them on his land to harvest the berries.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 21, 2011
Listed
Apr 29, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011