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Mrs.Batzaya is 34 years old and lives with her husband and four children in a Ger (a Mongolian yurt), in the Dornogovi province of Mongolia. Her husband, Ganhulug, is 33 years old and is a senior security guard in a private company. Her three children go to the local secondary school. In 2008, she started her portable retail stall at the railway station. She is retired from a felt producing company where she was involved in an industry accident and lost 4 fingers. She is planning to rent a permanent place to operate grocery store at railway station. She is requesting 1,000,000 MNT loan to cover her newly-starting permanent business location expenses. She is a diligent, hardworking and responsible woman.

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
  • 1,384.2
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Batzaya to cover her newly starting permanent business expenses.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 12, 2012
Oct 29, 2012
Currency Exchange Loss:
Jun 17, 2013