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Batsuh V. lives with her husband, two daughters and two sons in Tsetserleg city in Arkhangai province. One of the sons is a college student. All the other children work in the countryside. One of the children is unemployed and helps her mother’s business.

Batsuh's husband is a guard for the building of City Water Treatment Agency. In 2000, she started selling raw meat at the local market. In December 2001, she started taking loans from XacBank, Kiva's partner in Mongolia. The result has been very good and all the loans were paid back on time.

When she began the business, she only had a working capital of 50,000 tugrig (1 USD=1,5000 tugrig). Now it has increased to 600,000 tugrig. With the help of the loans, she has improved her family's living conditions and paid her son’s college tuition. She is entrepreneurial and good at what she does. In the future, she hopes to expand her business and help all her children to find jobs. In addition, she would like to have her own place to run the business. With this loan, she will buy raw meat for her business.

Additional Information

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
  • 1,555.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Batsuh to buy raw meat for re-sale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Feb 19, 2009
Mar 10, 2009
Currency Exchange Loss:
Nov 16, 2009