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Altantuya
Altantuya is a 42 year old woman who lives with her husband and 2 children in a ger in the Bulgan province of Mongolia. Her husband Tsend works in a private company. Her son Baasansuren, age 19, is a university student, and her daughter Uurintuya, age 16, is a secondary school student.

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.

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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,150 helped Altantuya to pay her son's university tuition and living expenses in the capital city.
90% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 1, 2012
Listed
Nov 16, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014