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Mr. Ganhuu is 47 years old and lives with his wife and two children in a small house in Harhorin soum of Uvurhangai province, Mongolia. His wife Densmaa is 44 years old and runs the butcher shop with her husband. His son Gansuh is 22 years old and is a new graduate currently looking for a job. His daughter Gantsetseg is 20 years old and is a sophomore student at university.

Ganhuu has operated a butcher shop in a local market since 1996 with his wife. They purchase livestock from herders in the countryside and sell to local and Ulaanbaatar customers. They built a close relationship with their suppliers and clients over the years. He is now requesting a loan of 5,000,000 MNT to pay his daughter's tuition fees and cover her living expenses in Ulaanbaatar city.

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
  • 1,437.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,500 helped Ganhuu to pay his daughter's tuition fees and cover her living expenses in Ulaanbaatar city.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
May 21, 2013
Jun 26, 2013
Currency Exchange Loss:
Jun 12, 2015