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Battulga is 37 years old and lives with his wife and 2 children in a house in the Selenge province of Mongolia. His wife Monh-Undraa, age 36, helps her husband to run their retail goods import business. His children Altanbat, age 16, and Monhbat, age 14, go to the local school.

Battulga has been running his retail goods import business since 2001 with his wife. He has his own car which he uses to transport the goods but his car has been broken for awhile and business has stopped because of it. He is now requesting 3,000,000mnt to replace his car with an Eco-friendly electric and gas consuming car so that he can run his business smoothly and with lower cost. He is a hardworking, responsible and positive man.

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
  • 1,396.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,150 helped Battulga to replace his car with an Eco-friendly electric and gas consuming car to smoothly run his business with lower cost.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Feb 17, 2013
Mar 19, 2013
Currency Exchange Loss:
Oct 2, 2014