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Batchuluun
Mr. Batchuluun is 51 years old and lives with his wife in a ger (traditional Mongolian housing) in Bulgan province of Mongolia. His wife, Byambasuren, works at a local administrative office as an assistant worker. All his children are married and live separately.

Mr. Batchuluun has been running a recyclable material retail business for years now. He buys recyclable products from individuals at his rental counter of a local market and sells to bigger companies. He is now requesting 3,300,000 MNT to purchase a large amount of recyclable materials to sell to recycling companies.

He is a hardworking and friendly man who has good previous loan records at XacBank.

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 $2,375 helped Batchuluun to purchase a large amount of recyclable materials to sell to recycling companies.
87% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 12, 2013
Listed
Mar 15, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 2, 2014