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Batsuuri is 62 years old and lives with his wife and children in a ger, a Mongolian yurt, in the Arhangai province of Mongolia.

His wife helps with his business. His elder son is an entrepreneur and the younger one is a clerk at the grocery shop.

Batsuuri operates a water sales business. He started his business in 2006 by delivering water by his carriage. Now he owns a pick-up truck and has many regular customers such as cafes, kindergartens and schools.

He is a hard-working and diligent man who says, "I started my business from a scratch. I am very confident that my business will expand."

He is requesting 3,000,000 MNT to repair his pick-up truck.

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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,286.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,350 helped Batsuuri to repair his pick-up truck.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Sep 30, 2011
Oct 25, 2011
Currency Exchange Loss:
Nov 17, 2013