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Davaatseren is 57 years old and lives with his wife and two children in a small house in the Niseh district of Ulaanbaatar, Mongolia. His 43-year-old wife, Zayabat, works at a local hospital as a nurse. One of his children, 18-year-old Temuulen, just enrolled in university, whlie his other child, 12-year-old Tsolmon, attends local school. He has been driving a big truck for 12 years and has become well-known for providing transportation services within the area. He is hardworking, welcoming and communicative. He is requesting 2,500,000 MNT to cover his older child's university tuition fee and other expenses.

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
  • 16
    View loans »
    Mongolia Loans Fundraising
  • $15,459,050
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Davaatseren to cover his older child's university tuition fee and other expenses.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 16, 2012
Dec 16, 2012
Currency Exchange Loss:
Nov 17, 2014