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Mr. Lhavgadash is a bachelor degree student who is studies business administration at a public university. He is a passionate and hardworking student and it makes himself well known in his university. However, his family income is quite low and he cannot pay his tuition fees. During the interview he mentioned that there is no alternative to pay for his tuition fees.

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
  • 1,590.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Lhagvadash to pay tuition fees.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 30, 2013
Sep 29, 2013
Currency Exchange Loss:
Oct 2, 2014