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Mr. Uuganbaatar is 28 years old and lives with his parents and two siblings in Ger, Govi-Altai province, Mongolia. His father is retired and stays home, while his mother works as a librarian at a local library. Uuganbaatar's siblings are university students.

Uuganbaatar has been running a clothing sales business in a rental counter of a local market since last year. He has gained a lot of experience in the business and already has regular customers. He is now requesting a 3,300,000 MNT loan to pay his siblings' university tuition. He is a hard-working, energetic and goal-oriented 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
  • 1,384.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Uuganbaatar to pay his siblings' university tuition fee.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Jan 29, 2013
Mar 2, 2013
Currency Exchange Loss:
Dec 17, 2013