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Mrs. Amartuvshin is 38 years old and lives with her three children and her husband in a little house in the Huvsgul province of Mongolia. Her older daughter just became a university student, and her other children are in high school. She has worked in the food market as a salesperson. She recently started her own business selling fruits and vegetables and other food in another food market. She is planning to increase her turnover and to have her own workplace. She is an open-minded and diligent woman. who says "This year, my daughter become a college student. Thus, I need to pay her college tuition fee and other expenses". She is requesting a 1,500,000 MNT loan to pay her daughter's tuition and other school-related expenses.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,370.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Amartuvshin to pay her daughter's tuition and other school-related expenses.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 28, 2012
Oct 23, 2012
Currency Exchange Loss:
May 20, 2013