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Battsengel is 42 years old and lives with his wife and two daughters in Tosontsengel in Zavhan province, Mongolia. His wife, Erdenetsetseg, age 38, works as an interior designer in a local company but is temporarily unable to work because of a health condition. His daughters Uuganchimeg, age 15, and Odonchimeg, age 13, go to the local school. Battsengel has been running a taxi service business in town since 2000. He has a lot of experience in the business. His car has been broken down for a while and he is unable to provide a taxi service. He is now requesting a loan of 2,300,000 MNT to purchase spare parts for his car and also to pay for his wife's medical treatment. He is a hardworking, helpful and diligent man.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Battsengel to purchase spare parts for his car and to pay for his wife's medical treatment.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 25, 2013
Mar 22, 2013
Currency Exchange Loss:
Oct 2, 2014