Since 2010, Mrs. Baasanjav has been running a Mongolian costume tailoring business at home. She has built close relationships with her customers and suppliers in town. She is now requesting a loan of 1,700,000 MNT to pay for her son's tuition and dormitory fees in capital city. She is a hardworking, helpful, and neat 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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