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Mrs. Jargal is 41 years old and lives with her husband and 2 children in a house in the Orhon province of Mongolia. Her husband Lhagvasuren, age 47, has worked at a local security service company for years now. Her daughter Shinedaram, age 20, studies at university and son Tuvshinbayar, age 18, goes to a specialty training school. Jargal has been running a traditional noodle making business with her partner since 2009. She has gained a lot of experience and regular customers over the years. She is now requesting 3,000,000 MNT to pay her daughter's outstanding tuition fee and purchase a mixing machine for her business. 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
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,175 helped Jargal to pay her daughter's outstanding tuition fee and purchase a mixing machine noodle making business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 5, 2013
Feb 18, 2013
Currency Exchange Loss:
Sep 22, 2014