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Batsuh is a 39-year-old man who lives with his wife and 3 children in the capital city of Mongolia. He and his wife both run a taxi service. He earns 65 to 70 thousand MNT a day and the business has been successful.

He runs a construction decoration job in the summertime. He needs to buy some construction materials and some tools for the business to continue. Batsuh is a hardworking man who says, "I would like to continue the business so that I could raise more money in the summertime and save for my children."

The total amount he is requesting is 1,500,000 MNT to buy the construction decoration materials and tools.

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
  • 1,310.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Batsuh to buy construction decoration materials and tools.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 22, 2012
Mar 30, 2012
Currency Exchange Loss:
Jul 17, 2013