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Mr. Batbaatar is 42 years old and lives with his wife and two children in an apartment in Arhangai province, Mongolia. His wife, Tserenchimeg, is 37 years old. She works as an accountant in a private company. His daughter, Munhjin, is 6 years old. His son, Temujin, is 1 year old. They go to kindergarten. Mr. Batbaatar is planning to open a dental clinic. His profession is dentistry. He worked as a dentist in Japan for 10 years. He is a hardworking and responsible man. He is asking for 4,000,000 MNT to buy an X-ray machine and raw materials for artificial teeth for his business.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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
  • 1,387.8
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,900 helped Batbaatar to buy an X-ray machine and raw materials for artificial teeth for his business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Sep 28, 2012
Oct 17, 2012
Currency Exchange Loss:
Feb 15, 2013