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Altantulga, 43 years old, lives with his wife and 3 children in a house in the Arhangai province of Mongolia. His wife, Buyanhishig, 41, helps him with his retail shoe business. Altantulga's sons, Zolboohuu and Zoljargal, are university students and his daughter, Anhjargal, is a secondary school student.

Altantulga has been operating a retail shoe business at a rental counter in the local market since 2006. He has built close relationships with customers and has gained their trust. Altantulga is a friendly, welcoming and open-minded person who says, "I want to pay my sons' tuition fees". He is requesting 2,000,000 MNT to pay his sons' tuition fees.

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
  • 1,390.8
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Altantulga to pay his sons' tuition fees.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 17, 2012
Nov 17, 2012
Currency Exchange Loss:
Jul 17, 2013