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Batnasan
Mrs. Batnasan is 59 years old and lives with her husband in their Ger, a traditional nomadic home in the Dundgovi province of Mongolia. Her husband Ulambayar is retired and stays home helping his wife. Their children are all grown and live independently.
Batnasan retired from working as an accountant at a local company in 2012. She then started her own business of clothing retail by renting a counter at the local market. She now owns the small stall where she runs her retail store. She is a very hardworking and friendly woman who has built close relationships with her customers. She is now requesting a loan of 3,000,000 MNT to purchase a large amount of clothes to sell at her stall. She plans to save a small amount of money from her business profits for her grandchildren and their future.

Additional Information

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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,773.0
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,700 helped Batnasan to purchase a large amount of clothes to sell at her stall.
66% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2014
Listed
Apr 26, 2014
Currency Exchange Loss:
Possible