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Togtohjargal is 42 years old. She lives with her husband and 2 daughters in a small house in the Dundgovi province of Mongolia. Her husband Zorigtbaatar is retired and stays at home. Her daughters are Uuganbayar, age 21 and a university student, and Undrahbayar, age 16 and a secondary school student. Togtohjargal has been running a tailoring service from her home since 1994. She is now requesting 2,400,000 MNT to pay her daughter's university tuition and dormitory fee for the next semester. She is a hardworking, neat, and enthusiastic woman.

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
  • 1,384.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,750 helped Togtohjargal to pay her daughter's university tuition and dormitory fee.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 6, 2013
Mar 2, 2013
Currency Exchange Loss:
Aug 17, 2013