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Batlut, 52, lives with her husband and four children in a ger (a Mongolian yurt) in Tosontsengel, Mongolia. Her husband is a disabled man who receives social welfare from state. Batlut started her business cutting organic hay with a rental tractor in 2011. Her husband and children help with her business. She sells her organic hay to local herders. Her business is sustainable and she has already gotten many regular customers. But, her business income is not sufficient to provide for her family.

Batlut wants to expand her business. Therefore, she needs to buy her own tractor. She is hardworking and a good natured woman. She said, "I have worked for my children's future. I want to increase my business income in order to provide enough money for my family." She is requesting 2,200,000 MNT to buy her own tractor to use in her business.

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

  • $5,900
    Average annual income
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,328.5
    Mongolia Tugriks (MNT) = $1 USD