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Mrs. Bolor-Erdene is 34 years old and lives with her husband and three children in a Ger in Darhan province of Mongolia. Her husband, Toivgoo, works as a driver in a factory. Her children Tomor-Ochir, Oyundalai and Narmandah go to school locally. She has been taking care of her children since 2008 and since then she has started her business of providing public transportation within the area. She is now requesting 1'300'000 MNT to purchase a computer and other school related items for her children to support their education. She is neat, hardworking and an active 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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,445,050
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Bolor-Erdene to purchase a computer and other school related items to support her children's education.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 15, 2012
Dec 16, 2012
Currency Exchange Loss:
Sep 17, 2013