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Ariunaa is 42 years old lives with her mother and two children in Uvurhangai province of Mongolia. Her mother is a little bit sick and stays home. Her son Semjaan, 19, is a university student and her daughter Semjid,16, attends secondary school. She has been operating a business selling clothing supplies for years and stopped her business because she started working in a private company. Now, she is restarting her clothing supplies business in the local market. It will be easier this time because she has years of experience. She is having problems with cash and is now requesting 1'500'000 MNT to pay her son's university tuition fee and accommodations in the capital city. She is a hardworking and friendly person.

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
  • 1,392.7
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Ariunaa to pay her son's university tuition fee and accommodations in the capital city.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 5, 2012
Nov 29, 2012
Currency Exchange Loss:
Dec 17, 2014