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Mrs. Enhtsetseg is 45 years old and lives with her husband and a son in a ger in the Baganuur district of Ulaanbaatar, Mongolia. Her husband, Myagmardalai, helps his wife to run her clothes-selling business in a rented counter of the local market. His son, Enhdalai, age 21, is a junior student at the university. She started her clothes-selling business in 2011. She has been successful since. She is now requesting 1,400,000 MNT to pay her son's university tuition fee. She is a hardworking, honest and responsible 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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,025 helped Enhtsetseg to pay her son's university tuition fee.
95% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Feb 18, 2013
Mar 22, 2013
Currency Exchange Loss:
Feb 17, 2014