Check out some available loans that are similar to this one!
Batbayar
Batbayar is 44 years old and lives with his wife and 3 children in a ger in the Govi-Altai province of Mongolia. His wife Nergui runs a small cafeteria in a rental place. His daughter Nandin-Erdene, age 18, and son Ganselem, age 8, go to local schools and his younger daughter Yoson-Erdene, age 4, goes to a local kindergarten.

Batbayar has been managing a small spare parts retail business in the local market since 2000. He and his wife have gained a lot of experience and built close relationships with customers and suppliers over the years. He and his wife both are hardworking, kind, and modest people.

He is now requesting 600,000 MNT to purchase insulation and construction material for his wife's cafeteria in order to keep customers warm and comfortable.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,394.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $450 helped Batbayar to purchase insulation and construction material for his wife's cafeteria in order to keep customers warm and comfortable.
94% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 12, 2013
Listed
Mar 15, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014