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Battomor
Mr. Battomor is 43 years old and lives with his wife and three daughters in a small house in Bayanhoshuu province of Mongolia. His wife Narantuya, age 32, has run a family business making and selling organic camel wool products at home since 2008. His daughter Nomin-Erdene, age 11, goes to a local school and his twin daughters Erdenezaya and Enhzaya, age 5, go to the local kindergarten.

The borrower has been helping his wife to run their family business of organic camel wool products manufacture in the Ger on their plot of land. He is now requesting 1,500,000 MNT to purchase equipment and tools to increase the production level of their organic camel wool products manufacturing business. Both the borrower and his wife are hardworking and well-behaved people.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,100 helped Battomor to purchase equipment and tools to increase the production level of their organic camel wool products manufacturing business.
95% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2013
Listed
Mar 18, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013