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Battogtoh
Battogtoh is a forty-two-year-old man who lives with his wife and a son in Dornogovi province, Mongolia. His wife is unemployed and his son is in secondary school. Battogtoh is a craftsman who makes gold and silver jewelery. He offers variety of options in different styles to customers. He has been running the business since 1991. As he does not have a workshop, he runs the business activity inside his fence in summertime and at home in wintertime.

Battogtoh is a talented craftsman who says that "I would like to expand the business activity by building my own workshop inside the fence". The total amount he is requesting is 2,700,000 MNT to buy construction materials to build the workshop.

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
  • 1,312.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,075 helped Battogtoh to buy construction materials to build a workshop.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 9, 2012
Listed
Apr 29, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012