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Batzaya
Batzaya is 24 and lives with her husband, parents, and a son in an apartment she owns in Darhan province, Mongolia. Her husband works for a mining company in South Gobi province and her father works as a repairer. Batzaya used to be a shop assistant at her sister’s shoe store and she worked on salary. In January 2012, she started her own business and rented a space to retail shoes. Her mother helps with her business. Batzaya started her business with 1,000,000 MNT in working capital and now has increased her working capital to 5,000,000 MNT. Batzaya already has many regular costumers and wants to expand her business as in the summer product demand is high and she would like to purchase more merchandise to sell.

Batzaya is requesting a 3,000,000 MNT loan to buy summer shoes for 1,500,000 MNT, children clothing for 2,000,000 MNT, and fund transportation costs with 300,000 MNT. She is a hardworking and good natured woman.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,328.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,275 helped Batzaya to buy summer shoes, children clothes, and pay transportation costs.
94% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2012
Listed
Jul 10, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013