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Mrs. Monhdelger is 48 years old lives with her husband and daughter in a ger (a traditional Mongolian nomadic felt housing tent similar to a yurt) in the Uvurhangai province of Mongolia. Her husband, Vanchinsuren, age 50, works at a local military unit. Her daughter, Myagmardorj, age 23, is s senior student at university.

Monhdelger has been running a tailoring service since 2000. She ran it from her home at the beginning and now she rents a place and sells to local customers. She has built closer relationships with her customers and suppliers over the years and now she is requesting 1,500,000 MNT to pay her daughter's university tuition and living expenses in the city. 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
  • 1,384.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Monhdelger to pay her daughter's university tuition and living expenses in the city.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 26, 2012
Jan 25, 2013
Currency Exchange Loss:
Jan 17, 2015