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."
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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