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Baatarzana is 33 years old and lives with his wife and daughter in a ger (Mongolian yurt) in Hovd Province, Mongolia. His wife babysits their newborn child. Baatarzana started his transportation business in 2006 with his own car, transporting people to the rural areas and buying raw wool and cashmere to resell.

Unfortunately, a few months ago his van's engine developed a problem, forcing a halt to his business. A sharp and hardworking man who says, "It has been terrible since my van broke up. My child has been born and he needs me," Baatarzana is requesting a loan of 2,500,000 to purchase spare parts to repair his van.

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,950 helped Baatarzana to purchase spare parts to repair his van.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 18, 2011
Nov 17, 2011
Currency Exchange Loss:
Oct 15, 2012