Baasandemberel started her business, selling coal and firewood, in 2006. She buys her goods from Nalaikh district, where there is coal mining and the price for coal is a lot lower than in the capital city. Her business is stable. She has built close relationships with her customers, and is popular because of her welcoming and friendly manner.
She is asking for 2,500,000 MNT to cover her daughter's university tuition fees. She is a hard-working, diligent, and friendly 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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This loan has been fully funded!