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Batsaihan
Batsaihan is 44 years old and lives with his wife and three children in a ger (Mongolian yurt) in Darhan province, Mongolia. His wife helps with his business, and his children are college, school, and kindergarten students. Batsaihan operates a milk and egg sales business. He started his business in 1991. Now he owns over 250 chickens, 7 ducks, 2 turkeys, 20 horses and cows, and 200 sheep and goats. He sells different types of milk such as cow, sheep, and goat milk. Since his number of cows is growing every year, he needs bigger place. He feeds his animals with organic natural food. He is a sharp and hardworking man who says, "I am losing a lot of my opportunities due to the poor farm condition and lack of equipment. If I can build a new place, I believe it will boost my production up to 50%." He is requesting 3,800,000 MNT to build a bigger place for his cows so he can sell milk.

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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,320.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,900 helped Batsaihan to build a bigger place for his cows so he can sell milk.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012