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Mrs. Davaajav is 42 years old and lives with her husband and daughter in a small house in Bayanhoshuu District of Ulaanbaatar, Mongolia. Her husband, Gombosuren, age 45, works for a local construction company. Her daughter, Saranzul, age 18, is a sophomore student at an accounting specialized university. The borrower has been providing a public transportation business with her husband for two years now. She is requesting a 2,000,000 tugrik loan to pay her daughter's university tuition and health fees. Her daughter has recently slipped and broken her hand and needs medication and treatment. The borrower is hardworking, caring and friendly.

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
  • $15,437,650
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Davaajav to pay for her daughter's university tuition and health fees.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 24, 2012
Jan 22, 2013
Currency Exchange Loss:
Jul 17, 2013