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Mr. Battulga is 38 years old. He lives with his wife and two daughters, in a small house in Sainshand soum, Dornogobi province, Mongolia. His wife, Gandulam, age 28, works at a local cafe as a waitress. His daughters Naranbileg, age 11, and Undrah, age 7, go to the local primary school.

Borrower has been working as a salesperson in a second-hand clothing wholesale business, since 2004. He has gained a lot of experience in selling second-hand clothing. Now he is starting his own second-hand clothing retail shop, at a rental counter of the local market. He is requesting 1,800,000 MNT to purchase inventory from a wholesaler, which he will use to work and start his own business. He is a hard-working, positive and communicative person.

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
  • 1,382.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,325 helped Battulga to purchase inventory that he will use to start his own business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Dec 26, 2012
Jan 25, 2013
Currency Exchange Loss:
Apr 17, 2013