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Tsagaadai is bachelor and a student who studies in a private university. He has chosen a major in rail road management, because he is quite interested in this job and job opportunities are quite high in this field after he graduates. He is responsible and a hardworking person. He is the first person in his family who is attending a university to receive a higher education degree. This loan will help him to pay the tuition fees and graduate from the university successfully.

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
  • $15,397,050
    Funds lent in using Kiva
  • 1,614.3
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $750 helped Tsagaadai to pay for tuition.
98% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 30, 2013
Sep 7, 2013
Currency Exchange Loss:
Oct 2, 2014