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Batjargal is 58 years old and lives with his children and wife in a ger (traditional tent like structure), in Ulaanbaatar, Mongolia.

His sons are taxi drivers. His wife sells vegetables at the local market. He started his taxi business in 2004. Now he and his two sons earn a daily profit. Their daily income is about 100,000 MNT.

"Starting next year, my sons will marry and I need to prepare for their weddings and other things," says Batjargal.

He is requesting a 2,500,000 MNT loan to redecorate his apartment and to buy a storage house.

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
  • 1,264.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Batjargal to redecorate his apartment and buy a storage house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 19, 2011
Oct 6, 2011
Currency Exchange Loss:
Aug 16, 2012