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Munhsuh
Mrs. Munhsuh is a 49-year-old single mother and lives with her younger three daughters in their Ger (traditional nomadic yurt) in Uvs province, Mongolia. Her older children have gotten married and live apart. Her oldest of three daughters works at a local company to support her family and younger sisters' university tuition fees. The two younger daughters are university students. Her daughter Suvd is going to study in Russia this year, and they are very glad that she is able to get higher education abroad.

Munhsuh has been renting a cafeteria in a good location since 2010. She used to work as chef at small cafes in town for years. She has experience and skills to run her business. She supports her children to grow and be educated. She is now requesting loan of 3,500,000 MNT to pay for her second daughter's university tuition in Russia. She has high hopes for her daughters.

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
  • 1,715.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,050 helped Munhsuh to pay for her daughter's university tuition in Russia.
46% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2013
Listed
Nov 28, 2013
Currency Exchange Loss:
Possible