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Mr. Batsaihan is 47 years old and lives with his wife in Uvurhangai city, Mongolia. In 2009, Batsaihan started to sell raw materials, meat, and organic dairy products from the countryside at Ulaanbaatar market. He is transporting these goods by his own mini-truck. In summer he usually delivers organic dairy products and in winter time he transports meat. Also he is operating a road repair business. He has a power shovel.

Batsaihan's mini-truck is getting old, so he would like to repair his truck to transport his organic dairy products. Therefore he is requesting a 3,800,000 MNT loan to buy spare parts for the mini-truck. He is a kind man who says, "We are planing to build a house with the profits we earn."

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,357.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,825 helped Batsaihan to buy spare parts for the mini-truck to transport his organic dairy products.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 7, 2012
Aug 21, 2012
Currency Exchange Loss:
Mar 15, 2013