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Mr. Bathuyag is 50 years old and lives with his wife and three children in a Ger in Bulgan province, Mongolia. His wife, Tserenhand, is 50 years old. His older son, Tserenbat, is 24 years old. His older daughter, Darhijaw, is 21 years old. She is a sales person in a grocery store. His younger son, Erdenet-Od, is six years old. He is a primary school student.

Mr. Bathuyag started his business 20 years ago planting vegetables and selling vegetables on the black market. He is well-experienced in this industry. In 2012, he is planning to keep vegetables in the autumn and to sell them on in winter. He is a hard-working and honest man. He is asking for 1,300,000 MNT to purchase a more vegetables to sell at a retail price.

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
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Bathuyag to purchase more vegetables to sell during the winter and spring for a higher price.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 24, 2012
Oct 13, 2012
Currency Exchange Loss:
Apr 16, 2014