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Mrs. Oyunbileg is 44 years old and lives with her husband and five sons in a ger in Tosontsengel, Zavhan, Mongolia. Her husband Dalaijargal, age 47, is disabled and stays home. Her sons Nasantogtoh, Togtohsuren, and Nasandelger work in various industries as assistant workers, and her son Nasanbat, age 20, is a university student. Her youngest son, Otgonbayar, age 9, goes to a local school.

Mrs. Oyunbileg has been running her traditional boots manufacturing business at home since 2007. She is a hardworking and diligent woman who is now requesting 1,000,000 MNT to pay her son's university tuition and cover his living expenses.

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
  • 1,390.8
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Oyunbileg to pay her son's university tuition and cover his living expenses.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Jan 6, 2013
Feb 5, 2013
Currency Exchange Loss:
Jan 17, 2014