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Bathuyag J. lives with his wife and four-year-old son in Ulaanbaatar, the capital city of Mongolia. His wife, Dolgorsuren, is a salesperson in a general store. During the day, Bathuyag operates a public transport business using his own micro-bus. He transports people between various districts of the city. Over the years, J. has become a very experienced driver who is known and trusted by his many customers. Bathuyag hopes to continue his business successfully in the future and sees many opportunities to grow his business. He hopes to refurbish his micro-bus soon. Bathuyag is requesting a 1,500,000 MNT loan to build a house for his family.

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.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,390.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Bathuyag to purchase some household goods for his family needs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 7, 2010
May 28, 2010
Currency Exchange Loss:
May 21, 2011