Mrs. Otgonbayar started her own cashmere products trading business in 2010. She rents a stall at the local market. In the future, she is planning to build her own cashmere product trading store for her business. She is requesting 800,000 MNT to pay for her daughter's tuition fees. Otgonbayar is an ethical and punctual woman.
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 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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