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Mr Batsuh lives with his wife and three daughters in a ger in Uvs province, Mongolia. His wife, Darisuren, sews Mongolian national clothes at home. His three daughters (Munhtsetseg, Suvdgerel and Hongorzul) are 22, 20 and 18 years old. His older daughters are college students and his youngest daughter is a secondary school student. Mr Batsuh is trained as a plumber. He wants to repair cars in his courtyard and would like to buy equipment from China. He is a hardworking man and his family members are hardworking people. He needs 3,000,000 MNT to buy equipment for his new business.

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
  • 1,367.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Batsuh to buy equipment for his new business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 14, 2012
Sep 7, 2012
Currency Exchange Loss:
Sep 17, 2014