Update on GanbaatarMr. Ganbaatar is 43 years old and lives with his wife and three children in a ger (a traditional Mongolian tent home) in Uvs province, Mongolia. His two older children are both university students and the youngest daughter goes to kindergarten. Ganbaatar is a hardworking and enthusiastic man. He and his wife have been running a butcher shop at a rental counter in their local market since 2003. Ganbaatar has built a regular client base for the business and is well known for his quality, tasty meat and friendly and convenient service. He is now requesting a loan of 2,000,000 Mongolian Tugrik to pay his children's tuition and also purchase meat inventory from herders.
Previous Loan DetailsGanbaatar S. lives with his wife and three children in a ger (a traditional Mongolian nomadic home tent) in Uvs province, Mongolia. His two oldest children, ages 16 and 14, attend a local high school and his youngest child stays at home with his mother. Ganbaatar operates a raw materials trading ... More from Ganbaatar's previous loan »
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 XacBankThis 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.
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