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Baasandemberel is 41 years old. She lives with her husband, two daughters, and younger son in a small house in the Suhbaatar district of Ulaanbaatar. Her husband, Tsedevvanchig, is 42 years old and manages a transportation service business. Her oldest daughter goes to university, and her two other children attend secondary school.

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.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,380.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,825 helped Baasandemberel to cover her daughter's university tuition fees.
26% repaid
Repayment Term
52 months (Additional Information)
Repayment Schedule
Oct 3, 2012
Oct 30, 2012
Currency Exchange Loss: