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Mr. Batchuluun is a 53-year-old married man. He lives with his wife and son in a small house in the Arhangai province of Mongolia. His wife, Oyungerel, is 50 years old and works from home; specifically, she tailors clothing for her customers at home. His son, Hohoojargal, is 16 years old and studies at a local school.

For 10 years, Mr. Batchuluun has been running a transportation service business in town. His vehicle has been damaged for a while now and it needs some spare parts to get it running again. As a result, he is now requesting a loan in the amount of 500,000 MNT to purchase spare parts for his vehicle and to thereby run his transportation service business more smoothly. He explains that he is a hardworking and diligent man.

Additional Information

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,377.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Batchuluun to improve his transportation business by purchasing spare parts for his vehicle.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 2, 2013
Feb 1, 2013
Currency Exchange Loss:
Aug 17, 2013