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Tsog-Ochir
Tsog-Ochir is 48 years old. He lives with his wife and 4 daughters in a ger, a traditional nomadic tent, in the Bayanhoshuu area of Ulaanbaatar city, Mongolia. His wife helps with his grocery store business on their plot of land.

Tsog-Ochir's daughters are between the ages of 3 and 17. The oldest daughter has enrolled in university this year and they have a university tuition fee to pay for their daughter's education. Tsog-Ochir is now requesting 2,000,000 MNT to pay his daughter's university tuition fee while running his business with no external impact. He is a hardworking, loving and caring person who says, "I have been surrounded by the most beautiful women in my whole life and I need to support every one of them to reach success of their own."

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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,672.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,200 helped Tsog-Ochir to pay his daughter's university tuition fee while running his business with no external impact.
98% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2013
Listed
Oct 25, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 3, 2015