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Mr. Gantomor is 46 years old and lives with his wife and one son in their small house in Dornogovi province, Mongolia. His wife Tsend-Ayush works at the local library as librarian. His son Horolgarav is a junior student at a university.

Gantomor has been driving a car for years to earn a living and started his taxi service business in 2008. His wife provides taxi service in town during her free time as well in order to increase the family income and support their only child for better education and a brighter future.

Gantomor is now requesting a loan of 1,000,000 MNt to pay his son's spring semester tuition fee. The Gantomors' are hardworking and thoughtful people.

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.


About Mongolia

  • $5,900
    Average annual income
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,696.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Gantomor to pay his son's spring semester tuition fee.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 26, 2013
Jan 24, 2014
Currency Exchange Loss:
Feb 3, 2015