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Mrs. Nordod is 60 years old and lives with her husband and two sons in a small house in the Hovd province of Mongolia. Her husband, Lhamhuu, runs a taxi service business in town. Her sons, Battogs, age 21, is a senior student at university and Enh-Amgalan, age 10, goes to a local school. She has been running her general store business at a rental counter of the local market since 2002. She is now requesting 3,500,000 MNT to pay for her son's university tuition and living expenses in the capital city. She is a hardworking, well-experienced, 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 $2,550 helped Nordod to pay her son's university tuition and living expenses in the capital city.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 29, 2013
Mar 2, 2013
Currency Exchange Loss:
Jan 17, 2015