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Mrs Oyunbileg is 43 years old. She lives with her husband and two children in a house in Dornogovi Province of Mongolia. Her husband Adiyazabar works at a mining company as an electronic engineer. Her son, Erdenebileg, aged 21, works in the Mongolian railway as an assistant driver and her daughter Ichinhorloo, age 15, studies at the local secondary school. Mrs Oyunbileg opened a small groceries store in their spare room in 2010. She and her husband paid their son's university tuition using their salary and business profit. Her daughter plays checkers and is now going to Malaysia to attend the Asian Championship. Mrs Oyunbileg is requesting 1,600,000 MNT to pay for her daughter's Asian Championship trip expense. She is an open-minded, welcoming and hardworking 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
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Oyunbileg to pay for her daughter's Asian Checkers Championship trip expense.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Dec 11, 2012
Jan 10, 2013
Currency Exchange Loss:
Jun 27, 2013