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Battulga
Mr. Battulga is 41 years old and lives with his wife and 3 children in a house in the Bayanhoshuu district of Ulaanbaatar, Mongolia. His wife Lhagvasuren, age 40, is currently unemployed. His son Mongonshagai, age 17, and twin daughters Oyuntungalag and Otgontungalag, age 14, go to a local school.

Battulga has been running an inter-city transportation service since 2009. He has a lot of experience in the transportation business and is now requesting 5,000,000 MNT to purchase an eco-friendly energy efficient car to provide a taxi service business in town. He is a hardworking, well behaved and honest man.

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
  • 16
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,625 helped Battulga to purchase an eco-friendly energy efficient car to provide taxi service business in town.
93% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2013
Listed
Mar 18, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014