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Batbileg
Batbileg is 44 years old and lives with his wife and his four children in a ger (a Mongolian yurt) in Songinokhairkhan district of Mongolia. His two eldest children are university students, and the two younger children are secondary school students. He started his business four years ago, by planting organic vegetables and fruits. He has planted organic vegetables and fruits on his land outside of Ulaanbaatar city (the capital). His wife sells organic vegetables and fruits, from a rental counter at a market. This business is the only income of Batbileg's family, and he pays his children's education fees from his profit. He is a hard-working and diligent man who says, "I want to expand my business in order to increase my profit and get all my children educated." He is requesting a 5,000,000 MNT loan to cover the expense of transporting his harvested organic vegetables and fruits to the capital city, where they will be sold at the rental counter.

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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,600 helped Batbileg to cover the transportation expense of bringing his harvested organic vegetables and fruits to the capital city, where they can be sold.
91% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 7, 2012
Listed
Nov 19, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014