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Batbaatar
Mr. Batbaatar is 26 years old and lives with his wife and daughter, in a ger in Huvsgul province, Mongolia. His wife, Enhsaihan, stays home taking care of their newborn baby daughter, Amin-Erdene, age 1.

Borrower has been working with his father to produce wooden furniture since 1999. He started his own wooden furniture manufacturing business at his home, in 2010. He has a lot of experience and regular customers. He is now requesting to borrow 500,000 MNT to purchase equipment that will increase his speed of production. He is hard-working and diligent.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $375 helped Batbaatar to purchase equipment that will increase his speed of production.
94% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2013
Listed
Mar 22, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 26, 2013