Monhdelger has been running a tailoring service since 2000. She ran it from her home at the beginning and now she rents a place and sells to local customers. She has built closer relationships with her customers and suppliers over the years and now she is requesting 1,500,000 MNT to pay her daughter's university tuition and living expenses in the city. She is a hardworking and diligent woman.
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 XacBankThis 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.
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Success!! The loan was 100% repaid