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Bat-Orshih
Mr Bat-Orshih lives with his wife, his daughter who is two years old and his son who is one years old in Ger Uvs province, Mongolia. His wife, Ganjidmaa, is 23 years old. She produces traditional shoes at home. His sister started a butcher shop business at a rental counter in the market. He has been helping his sister to expand her business and make it stable. So he has experience in managing a butcher shop. He is planning to open his own butcher shop based on his customer relations experience gained over the years. He is a modest and hardworking person. He is requesting 1,000,000 MNT to purchase a large amount of meat from herders for a low price and resell it at his rental counter at the market at retail prices.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,360,225
    Funds lent in using Kiva
  • 1,380.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $725 helped Bat-Orshih to purchase a large amount of meat from herders.
75% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2012
Listed
Oct 24, 2012
Currency Exchange Loss:
Possible