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Batchimeg
Batchimeg is 39 years old and lives with her 2 sons in a Ger, a traditional nomadic tent, in Bulgan province of Mongolia. Her son Luvsandagva is freshman in university and Myagmardorj is a secondary school student.

Batchimeg has been providing a cobbler service business in a rental place for years, and has a lot of regular clients in Bulgan province center and the countryside. She produces all types of shoes by order and is well-known with her qualified products among customers. She is now requesting loan of 1,500,000MNT to purchase leather and other inventories to produce a large amount of shoes before the academic year starts, which is high season for her business.

She is a hardworking, well-experienced and open-minded woman.

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
  • $15,398,050
    Funds lent in using Kiva
  • 1,557.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $975 helped Batchimeg to purchase leather and other items to produce shoes.
84% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 20, 2013
Listed
Aug 28, 2013
Currency Exchange Loss:
Possible