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Bathuyag is 35 years old and lives with his wife and three kids in a ger, a Mongolian yurt in the Arhangai province of Mongolia. His wife is unemployed. His two older kids are in school and the younger one goes to kindergarten. He started his photography business in 2001 with 100,000 MNT. He has built his assets to 1,000,000 MNT. His business has been profitable since 2001. Because of his old camera, his photography quality is poor. He is a creative and hardworking man who says, "I have a mission to become the province's largest photography studio owner." He is requesting 1,500,000 to buy a new camera and accessories.

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
  • $15,397,050
    Funds lent in using Kiva
  • 1,286.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Bathuyag to buy a new camera and accessories.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 19, 2011
Oct 25, 2011
Currency Exchange Loss:
Jul 17, 2012