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Bathishig is 32 years old. She lives with her mother and 2 siblings in a small house in the Uvs province of Mongolia. Her mother has retired and stays home. Her 2 siblings are university students. Bathishig has been operating a small cafe in the center of the province with her business partner since 2011. She has expanded her business and opened a bakery in the spare room of the cafe. She rents the business premises with her partner. She is now requesting 2,500,000 MNT to pay her two siblings' university tuition fees and other expenses. She is a hardworking and diligent woman.

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
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Bathishig to pay her two siblings' university tuition fees and other expenses.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 15, 2012
Dec 15, 2012
Currency Exchange Loss:
Oct 17, 2013