Check out some available loans that are similar to this one!
Batsuh
Batsuh is 55 years old and lives with his wife and son in their small house in Arkhangai province, Mongolia. His wife, Dolgorsuren, works at a local company. His son is 22 years old and works at a local company.

Batsuh started driving a heavy truck in 2007. He is a very careful and experienced driver. He started transporting household goods to countryside herders and trading in organic dairy products. He sells organic dairy products to province center retailers. He is now requesting loan of 5,000,000 MNT to purchase household goods in order to trade in organic dairy products. He is a hardworking and diligent man who wishes to replace his truck with a bigger and better truck.

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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,764.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,850 helped Batsuh to purchase household goods in order to trade in organic dairy products.
25% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2014
Listed
Apr 30, 2014
Currency Exchange Loss:
Possible