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Mrs. Batsuh, who is 52 years old, lives with her husband and two children in a ger in the Han-Uul district of Ulaanbaatar. Her son works in the Zaamar gold mine, and her daughter stays at home. In 2008, she started a plastic, can, and glass recycling business; before that, she made and sold leather jackets. Her husband helps with her business, which is sustainable and has many regular customers and suppliers. Mrs. Batsuh is building a house with the profits from her business. She is requesting a 1,500,000 MNT loan to purchase insulation for her new house and more recycling materials for her business.

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
  • 1,385.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Batsuh to purchase insulation for her new house and more recycling materials for her business.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 19, 2012
Sep 23, 2012
Currency Exchange Loss:
Feb 15, 2013