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Battogtoh lives with his parents, brother and sisters in Zavhan province of Mongolia. His father is retired and gets 105,000 MNT per month. His mother works at a medical center and her monthly salary is 210,000 MNT. His brother works in a local company, Delger, and makes 120,000 MNT a month. Battogtoh goes to Mongolian State University of Agriculture in Ulaanbaatar, the capital of Mongolia and is majoring in engineering. He will graduate his university in June 2012. He is a modest person and says, "After graduating my University, I would like to work and help my parents." Battogtoh is requesting a loan of 400,000 MNT to pay his tuition fees.

Additional Information

More information about this loan

This loan is part of XacBank's education program, designed to finance school tuition for students whose families have low incomes or work in informal sectors of the economy. Funds can be used for partial or complete payment of expenses related to secondary and higher education.

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,214.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Battogtoh to pay his tuition fees.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 2, 2011
Mar 24, 2011
Currency Exchange Loss:
Oct 19, 2011