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Batjargal
Mr. Batjargal is 32 years old and lives with his wife named Zolzaya and three children in an apartment in Ulaanbaatar, the capital city of Mongolia. His wife is unemployed and two of his children go to the secondary school while his younger son stays at home.

He started shoe trade business in 2003. Now his business is sustainable and has many regular customers. He is well-experienced in the shoe trade business in his town and local residents appreciate him as a hardworking and diligent man. He is requesting 5,810,000 MNT loan to purchase a hybrid car to carry shoes to the trade center. He said, "I want to expand my business, make more profit and save the money tor my children's higher education."

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,355.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,300 helped Batjargal to purchase a hybrid car to carry shoes to the trade center.
91% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2012
Listed
Aug 17, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014