Check out some available loans that are similar to this one!
Mr.Enhsaihan is 44 years old, and lives with his wife and four children in the Niseh district of Ulaanbaatar, Mongolia. His wife, Monhtsetseg, works at home tailoring traditional costumes. His daughter Nomin-Erdene, age 21, and son Tordalai, age 20, are university students; daughter Uranbileg, age 10, and son Byambadavaa, age 9, go to local schools.

The borrower has been helping his wife run her business of traditional costume production and sales. He sells the costumes in the local market.

He is now requesting 6'500'000MNT to pay his children's university tuition and other school related expenses. He and his wife both are hardworking and honest people.

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 $4,700 helped Enhsaihan to pay his children's university tuition and other school related expenses.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Dec 24, 2012
Jan 23, 2013
Currency Exchange Loss:
Jan 17, 2014