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Altan-Od is a 52 year old woman who lives with her husband and 3 children in a ger in the Govi-Altai province of Mongolia. Her husband Battulga is retired and stays home. Her oldest daughter Altanzul, age 20, is a university student, and her son Gantig and daughter Horolmaa (aged 12 and 16) are secondary school students.

Altan-Od is an extra-sensory person who foresees people's futures, destinies, etc. She also operates a small retail counter where she sells religious items and other related products. She is requesting 3,020,000 MNT to increase her working capital and pay her daughter's university tuition. She and her husband are hardworking and diligent people who say: "We are living for our kids and we want our kids to be grown up, educated and well behaved".

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,175 helped Altan-Od to increase her working capital and pay her daughter's university tuition.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 18, 2012
Nov 16, 2012
Currency Exchange Loss:
Nov 17, 2013