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Bayasgalan
Bayasgalan is 39 years old lives with her husband and daughter in a house in the Bayanhoshuu area of Ulaanbaatar city, Mongolia. Her husband Enhbat is 42 and works with his wife in their family business. Her son Has-Ochir is 18 and works in South Korea as a groom and her daughter Huslen is 16 and studies at a local secondary school. Bayasgalan and her husband started a tailoring business at home in 2010. She has started tailoring special costumes for horse-riding children and has the help of her son in South Korea. She is now requesting a loan of 5,000,000 MNT to cover her daughter's education fee, purchase a laptop for her to access the Internet and support her education. She is a hard-working, open-minded 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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,456.6
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,450 helped Bayasgalan to cover her daughter's education fee, purchase a laptop for her to access the Internet and support her education.
56% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
Possible