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Batorgil

Update on Batorgil

Bat-orgil is 45 years old and lives with his wife and 2 children in a ger in Bulgan province. His wife is a nurse in the medical center of Bulgan, his daughter is a college student, and his son is a secondary school student.

Bat-orgil started his water delivery service by horse business in 2003. There are only 2 people who run a water delivery service business in Bulgan province, and he is one of them. His business is sustainable and he has many regular customers, including households, offices, construction sites, etc.

Bat-orgil is a humble and hardworking man. He says "I like to be busy." He is requesting 2,000,000 MNT to buy fodder and repair his stables for the horses.

Previous Loan Details

Batorgil, age 44, started his water delivery service in 2003, transporting his wares by horse and carriage. He is one of only two people in the district who deliver water and therefore has many customers. The carriage, however, is old and currently unable to operate. Batorgil is requesting 1,300,... More from Batorgil's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,340.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,500 helped Batorgil buy feed and repair the stables for his horses.
91% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2012
Listed
Aug 6, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014
This photo was used before for a previous loan for Batorgil. It was first posted on Kiva on Nov, 2011. Learn More