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Batrentsen
Batrentsen S. is 36 years old and lives with his wife and two children in Arhangai province of Mongolia in their own ger-a traditional Mongolian housing tent. His family has been living in this place for six years. He started his business in 2006 with working capital of 1,500,000 MNT which has increased to 4,000,000 MNT since. The increased profits are due to his good business skills and good customer service.

Batrentsen has cultivated very good relationships with both his customers and his suppliers. He believes that these relationships are the key to his success. He has worked hard to own a small clothing shop where he sells a variety of clothes. Batrentsen would like to expand his product offering and is therefore requesting a 3,000,000 MNT loan. He will use the funds to import a greater number of products from Ereen, a border city of China.

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
  • 1,360.8
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,225 helped Batrentsen to purchase inventory.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 23, 2010
Listed
Jul 26, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011