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Bahat
Mr. Bahat is 42 years old and lives with his wife and son in Ulaanbaatar city. His wife helps in her husband's business. His seven-year-old son goes to a secondary school. They bought a home apartment with three rooms with a mortgage. Mr. Bahat has been selling mobile phones that he imports from Hong Kong since 2006. He rents a counter in the biggest mobile trading center of Ulaanbaatar. He also provides a mobile phone repair service. Now he decided to buy a hybrid car to deliver his products and to use for his private needs. The hybrid car costs 8,300,000 MNT. He would like to pay 2,490,000 MNT from his income and he is requesting a 5,810,000 MNT loan to pay for the rest. He is an honest and humble man.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,362.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,275 helped Bahat to pay the rest of the cost of a hybrid car.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 20, 2012
Listed
Aug 27, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013