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Batjargal
Mr. Batjargal is 38 years old and lives with his wife and two children in a small house in the Selenge province of Mongolia. His wife, Altantuya, is currently unemployed and takes care of the family at home. His son, Erhembayar, is 15 and a local school student. His 4-year-old daughter, Bayasgalan, attends a local kindergarten.

Batjargal has been providing auto repair services for four years and also now works part time as driver in an administrative office. He and his wife are planning to insulate the house before the harsh, cold Mongolian winter comes and is now requesting 3,000,000 MNT to purchase insulation material and vacuum windows to install for winter preparation. Batjargal is a hardworking and responsible man who is passionate about taking care of his family.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 21
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,679.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,800 helped Batjargal to purchase insulation material and vacuum windows to install for winter preparation.
99% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2013
Listed
Oct 29, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 1, 2014