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Batchuluun is 41 years old and lives with her three children in a ger, Mongolian yurt, in Dornod province of Mongolia. Her older son is a student who helps with his mother's business during his vacation. She manages a clothing business at a rented stall at a trading center. She started her business in 2010 and is planning to expand her business in the future. Previously, she used to work at an ice-cream factory for several years and, because of a low salary, she had to quit her job. Now she sells all kinds of clothes, with a broad variety of design and style. Her working capital exceeds 2,000,000 MNT. She is a hardworking and diligent woman who says, "I want my children to be educated and have better jobs in the future." She is requesting a 1,000,000 MNT loan to purchase clothes from 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
  • 1,265.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Batchuluun to purchase clothes from China.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 14, 2011
Jun 25, 2011
Currency Exchange Loss:
Jan 18, 2012