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Batsuh
Mr.Batsuh is 35 years old and lives with his wife and four children in a Ger, a traditional nomadic tent, in Zavhan province, Mongolia. His wife works at a local cafeteria as a chef. His older 3 children attend a local school and his youngest son goes to a local kindergarten.
Batsuh has been herding livestock for years and he also recently started producing traditional leather shoes and boots at home. He used to manufacture wooden furniture at home and sell it to local customers. He is a talented and hardworking man who is passionate about his business and taking care of his family.
He is now requesting loan of 1,500,000 MNT to purchase forage for his livestock and shoe manufacturing materials for his business.

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

  • $2,175
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,715.3
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $875 helped Batsuh to purchase forage for his livestock and shoe manufacturing materials for his business.
70% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2013
Listed
Nov 27, 2013
Currency Exchange Loss:
Possible