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Battsetseg is 36 years old and lives with her husband and three children in a ger (a Mongolian yurt) in Bulgan province, Mongolia.

Her husband is employed, her elder two children are school students and the younger one goes to kindergarten.

She started her stationery retailing business in 1998 by renting a counter in the market. Now that her business is stable, she decided to extend her market space by renting another counter in a market. However, her supplies are not enough to run a whole counter. Therefore she is requesting 2,500,000 MNT to purchase more supplies.

She is a sharp and diligent woman who says, "My kids are growing. Therefore more and more money is required to support them. I have to do everything I can in order to support them."

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Battsetseg to purchase more stationery supplies.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 11, 2011
Nov 25, 2011
Currency Exchange Loss:
Dec 17, 2013