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Terbish
Mr.Terbish lives with his wife and four children in a ger in the Uvs province of Mongolia. His wife, Minsel, and he have been running an auto repair service business for ten years, and are popular among clients with their friendly and qualified service.

His daughter enrolled in the university, and the older three children are now university students. They need to cover their living and school expenses from this year on forward. He and his wife need to work harder to earn enough money to cover their education expense, and let them obtain a decent education for their future.

He is now requesting loan of 5,000,000 MNT to purchase oil, spare parts, and other materials, and to pay his children's living expense at the university.

He is a hardworking, determined, and confident man who works for his family.

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.

Tags

About Mongolia

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,360,225
    Funds lent in using Kiva
  • 1,625.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,100 helped Terbish to purchase oil, spare parts, and other materials for his auto repair business, and to pay his children's living expense at the university.
56% repaid
Repayment Term
37 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 8, 2013
Listed
Oct 15, 2013
Currency Exchange Loss:
Possible