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Erdenesukh is a bachelor-degree student who studies in a private university as a journalist.

He was very curious kid when he was young and always tries know more or to investigate cases. Therefore he has chosen this profession based on his interest.

Unfortunately, Erdenesukh faces a financial issue in paying his tuition fee. if he does not get this loan, he will miss one year, and there are no alternatives. This loan will help him to pay tuition.

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
  • 1,642.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Erdenesukh to pay tuition fees.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 26, 2013
Oct 12, 2013
Currency Exchange Loss:
Oct 2, 2014