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Batbolor, 33, lives with her husband and 4 daughters in apartment in the Bayanhoshuu area of Ulaanbaatar, Mongolia. Her husband, Sergelen, is helping his wife to start a family business selling cosmetics at a rental counter in a local market. Three of her daughters, whose ages range from 6 to 15, study at local schools, and her youngest daughter, Gegeentuya, is 3 years old; she stays at home. Batbolor has been working as a cosmetics store saleswoman since 2008 and has gained a lot of experience in the business. She is now requesting 5,100,000 MNT to purchase a starting inventory for her business. She and her husband both are hardworking and diligent people.

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
  • 1,430.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,575 helped Batbolor to purchase a starting inventory for her business.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
May 6, 2013
Jun 6, 2013
Currency Exchange Loss:
Jun 12, 2015