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Battulga is 51 years old and lives with her daughter in Ulaanbaatar, the capital city of Mongolia. Her daughter contributes a little to the household income, and her husband passed away. She started a recycled material trade business in 1998. Today, Battulga is very experienced with the recycled materials trade business, and her customers appreciate her as a diligent woman. She wants to expand her business, so she needs 6,000,000 MNT to purchase a hybrid car to carry recycled materials to the trade center. Battulga would like to expand her business. She expects a major improvement in her family's living situation.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 1,340.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,500 helped Battulga to purchase a hybrid car to carry secondary raw materials to the trade center.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jul 19, 2012
Aug 7, 2012
Currency Exchange Loss:
Dec 17, 2014