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Battseren
Mr. Battseren is a 38-year-old man living with his wife and their two children in an apartment in the Bayanhoshuu area of Ulaanbaatar, Mongolia. His wife, Nyamsuren, works at a local company, while his two children study at local schools.



In 2006, he started a transportation service business. He now works at a local company as a contractor.



He explains that his vehicle has aged in recent years and needs to be replaced in order to continue to help his business. As a result, he is now requesting a loan in the amount of 5,000,000 MNT to purchase a better second-hand truck so that he can continue to provide transportation services in town. He is a well-experienced, hardworking and welcoming 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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,427.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $3,525 helped Battseren to continue to provide transportation services in town by purchasing a better second-hand truck.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2013
Listed
Jul 1, 2013
Currency Exchange Loss:
Possible
Expired:
Jul 31, 2013