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Batbileg lives with her husband and her 3 children in a ger (a Mongolian yurt) in Bayanzurh district, Ulaanbaatar, Mongolia. She moved to Ulaanbaatar city with her family from Sukhbaatar aimag in 2004. Her older two daughters are 17 and 13 years old and they go to secondary school. Her youngest daughter is in kindergarden, and she is 3 years old. In 2012 she is planning to start her own grocery store business. Her husband will help her in business. She would like the start her business by purchasing a variety of goods to offer at her store. She needs 4,000,000 MNT to purchase goods to sell at her new grocery store.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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
  • 1,337.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Batbileg to purchase goods to sell at her new grocery store.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 6, 2012
Jul 30, 2012
Currency Exchange Loss:
Sep 17, 2013