Altantuya has been operating a retail clothes business for 13 years, and she is quite experienced within the industry. She is a hard-working, responsible and diligent woman. She and her husband work for their children's education and their bright future. She says that the only goal she needs to achieve is to see her children graduate from a good university with a higher education. Altantuya is now requesting 3,000,000 MNT to pay her son's university tuition and living expenses in the capital city.
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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