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Mr. Yondonpil is 53 years old and lives with his wife and nephew in a ger in Bayanhongor province, Mongolia. His wife Enhtuvshin, age 45, helps her husband to run his firewood and charcoal sales business in the local market. The borrower's children are all married and live separately. His nephew is a university student. The borrower purchases charcoal from a mining site and sells it to local customers for a higher price. He is now requesting 2,000,000 MNT to pay his nephew's university tuition fee for the next academic semester. He is a hardworking, talkative and open-minded 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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,378.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Yondonpil to pay his nephew's university tuition for next semester.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Jan 26, 2013
Feb 26, 2013
Currency Exchange Loss:
Jan 17, 2015