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Bataa
Bataa is 62 years old, married, and lives with his wife in their own house in Hovd province. He and his spouse Tsetsegmaa are retired. This borrower started an agriculture business in 2011. He has 2 hectares of his own land and he is running a business planting and selling potatoes and other vegetables.

Their standard of living is average. They both have a pension as a source of permanent family income. The formation of their characters is good. Bataa is talkative and open. "For my whole life I have worked for the good and I can not sit on my hands after retirement," he says. He is requesting a loan in the amount of 3,600,000 MNT to purchase seeds, fertilizer and to cultivate a plot of land.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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

  • $2,175
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,315.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,750 helped Bataa to purchase seeds, fertilizer and to cultivate a plot of land.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 16, 2012
Listed
May 23, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013