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Ms. Naranchimeg is bachelor degree student who studies IT and mathematics at a private university. When she graduates, a job is ready for her in her hometown as a IT and Mathematics teacher. This shows that how smart and hardworking she is. She will study for two more years.

Tthis loan helps her to pay for her tuition fee as well as dormitory fee. If she does not get the loan, she will pay for tuition fee from student stipends and finding a place to stay will become a big problem for her.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,590.0
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,075 helped Naranchimeg to pay tuition fees.
86% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Sep 10, 2013
Sep 29, 2013
Currency Exchange Loss: