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Amgalanbayar is a 50-year-old widow who lives with her two children in an apartment in the Baganuur district of Ulaanbaatar, Mongolia. Her daughter, Monhmandah, age 24, works at a local company and her son, Byambatsogt, age 21, studies at the university.

Amgalanbayar has been running a tailoring service business since 2000. She has gained lot of experience and regular customers over the years.

She is now requesting loan of MNT 1,200,000 to pay her son's next fall semester tuition fee. She is a hard-working, responsible, and friendly 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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Amgalanbayar to pay her son's next fall semester tuition fee.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Feb 18, 2013
Mar 22, 2013
Currency Exchange Loss:
Jun 17, 2014