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Tsedendash E., 24 years old, is a student who lives with his parents in Mongolia’s Tuv province. His parents’ monthly income is 750,000 MNT. Tsedendash goes to Health Sciences University of Mongolia and is majoring in pharmaceutical studies. He is now taking three courses and will graduate from university in May, 2012.

Tsedendash is requesting a loan of 328,000 MNT to pay his tuition fees. He is a proud man who says, "I will graduate from my university successfully and will lift a hand for the evolution of our country.”

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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,263.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Tsedendash to pay his tuition fees.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 5, 2011
May 9, 2011
Currency Exchange Loss:
May 18, 2012