Batbayar has been working hard to improve his family's quality of life. He is a very hardworking person and is focused on the future. Batbayar's sibling is in his first year at university. Batbayar is requesting a 1,000,000 tugrug (~ 750 USD) loan to pay his sibling's university tuition fee.
About XacBankThis 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.
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