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Update on Tungatar

Mr. Tungatar is 41 years old and lives with his wife and six children in a ger (Mongolian yurt) in the Bayan-Ulgii province of Mongolia. His wife, Saltanat, is unemployed and helps her husband to run his business of carpentry and plumbing.

His daughters Erketei and Erkegul are university students, while children Nurbahit, Jansay, Jangul and Nurbol go to local schools.

Tungatar has been working as plumber and carpenter since 1996. He has already built strong relationships with local customers and suppliers over the years.

He is now requesting 2,000,000 MNT (Mongolian tugriks) to cover his two oldest daughters' university tuition fees and other school fees. He is a hardworking and diligent man who says, "I have a lot of responsibility since I have six children, and just the first two go to university, and four more are waiting to be enrolled at university soon."

Previous Loan Details

Tungatar is 40 years old and lives with his wife and six kids in a ger(Mongolian yurt) in Bayan-Ulgii Province, Mongolia. His kids are all in school. He started his carpenting and plumbing business in 1996. His service is very popular around the neighborhood, but his tools and equipment are very ... More from Tungatar's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,379.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Tungatar to cover his two oldest daughters' university tuition fees and other school fees.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 28, 2012
Dec 28, 2012
Currency Exchange Loss:
Dec 17, 2013
This photo was used before for a previous loan for Tungatar. It was first posted on Kiva on Nov, 2011. Learn More