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Altantsetseg is 38 years old and lives with her husband and 3 daughters in a Ger (yurt) in the Umnugovi province of Mongolia. Her husband, Tsogtbaatar, works as an operator in a private company. Her older 2 daughters Dolgoon, age 16 and Gartaam, age 14, go to a local secondary school and her youngest daughter Amin-Erdene, age 5, goes to a local kindergarten.

She has been producing noodles from organic flour since 2010 at home. Her daughters and husband help her during the weekends and she supplies her noodles to 8 groceries stores. She is now requesting 1'500'000 MNT to cover her 3 daughters' school expenses and to purchase a computer for them to support their education from an early stage. She is a hardworking, neat and modest 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
  • 7
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    Funds lent in using Kiva
  • 1,387.8
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Altantsetseg to cover her 2 daughters' school expenses and purchase a computer for them to support their education from an early stage.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 25, 2012
Dec 25, 2012
Currency Exchange Loss:
Jun 26, 2013