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Mrs.Ganchuluun is 48 years old lives with her husband and 2 children in a small house in the Orhon province of Mongolia. Her husband is a herdsman out of the city. Her daughter Eger, age 20, and son Gombojav, age 16, are both university students and they help their parents during their university breaks.

Borrower has been running her tailoring business since 2006 at a rented counter in a local shopping area. She now operates her business at home taking orders from customers. She is requesting 2'500'000MNT to pay her children's university tuition and living expense. She is a hardworking, open-minded and friendly person.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Ganchuluun to pay her children's university tuition and living expense.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Dec 11, 2012
Jan 9, 2013
Currency Exchange Loss:
Jun 27, 2013