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Mrs. Densmaa is 52 years old and lives with her husband and two daughters in a ger (traditional Mongolian housing) in Uvs province of Mongolia. Her husband, Baatarhuu, works at a local state-owned company. Her daughter, Bat-Erdene, age 25, graduated and is temporarily unemployed, and her other daughter, Battsetseg, age 22, studies at university.

Densmaa has been working as a chef in a local state-owned company. She is now requesting 2,000,000 MNT to pay her daughter's university tuition fee and dormitory fee.

Densmaa is a hardworking, diligent and responsible 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
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Densmaa to pay her daughter's university tuition fee and dormitory fee.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Feb 19, 2013
Mar 23, 2013
Currency Exchange Loss:
Oct 2, 2014