Check out some available loans that are similar to this one!
Mr. Batbuyan is 49 years old and lives with his wife and four kids in a ger, a Mongolian traditional nomadic yurt, in Uvs province. His two older children are college students and the other two children are secondary school students.

Mr. Batbuyan started a retail trade business on a rental counter in 1998. His wife has started to operate a sewing business. She produces the rope for gers and other items at home. Batbuyan also sells products produced by his wife at his rental counter.

He is asking for 2,500,000 Mongolian tugriks (MNT) to purchase raw materials (camel wool and cashmere) for his wife's new business. His goal is to increase the profit and to save the money to build his own house and a working place. He is an honest and hardworking person.

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 $1,850 helped Batbuyan to purchase raw materials (camel wool and cashmere) for his wife's new business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 24, 2012
Aug 31, 2012
Currency Exchange Loss:
Aug 17, 2014