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Arslanbaatar
Mr. Arslanbaatar is 26 years old. He lives with his parents and sisters in his parents' house in the Bayanhoshuu district of Ulaanbaatar, Mongolia. His parents used to work at a state-owned meat-production company for years, and are now retired and stay home. His sisters work in local companies as an accountant and an assistant worker.

He has worked at a local company as an accountant since 2009, right after he graduated from his bachelor's-degree program. He also runs an organic meat products business in a rental counter of a local market. His parents give lots of the necessary suggestions, and he is running his organic meat products sales business successfully. He is well-known with his qualified and tasty organic meat products.

He is now requesting 4,000,000 MNT (Mongolian tugriks) to purchase inventory to run his organic meat products business smoothly. He is a hardworking and modest man who says, "I need to save to marry my girlfriend and move out of my parents' house; also, my parents' pension is not that much so I need to cover their living expenses, too."

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
  • $15,367,100
    Funds lent in using Kiva
  • 1,387.9
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,900 helped Arslanbaatar to purchase inventory to run his organic meat products business smoothly.
94% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2012
Listed
Jan 19, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2013