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Mrs. Tserendulam is a 57-year-old female and lives with her daughter in an apartment in the Baganuur district of Ulaanbaatar, Mongolia. Her daughter, Otgonsaihan, is a university student. She has been running a traditional costume tailoring service since 2000. She has lot of regular customers and suppliers now. She is now requesting 1,500,000 MNT to pay her daughter's university tuition fee for the fall semester. She is a hardworking 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Tserendulam to pay her daughter's university tuition fee for the fall semester.
100% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Feb 18, 2013
Mar 22, 2013
Currency Exchange Loss:
Nov 17, 2013