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Battseren
Battseren is 30 years old and lives with her husband and daughter in her husband's company's house in Govisumber province, Mongolia. Her husband is a repairman and her daughter is a student.

She started her women’s accessory shop business in 2009. Her shop location is good and her products are elegant and pretty affordable. Her business income is stable.

However, her income has been pretty much the same since she opened the shop. Therefore, she decided to open a small playground for children which includes toy cars and bicycles. She is requesting 1,540,000 MNT to purchase toy cars and bicycles.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,310.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Battseren to purchase toy cars and bicycles for her playground business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2012
Listed
Jun 6, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013