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Ms.Ariun-Erdene is 22 years old lives with her brother in Han-Uul district of Ulaanbaatar, Mongolia. Her brother Bold-Erdene works at local company and takes care of his sister during her stay in Ulaanbaatar for attending local university for her bachelors. Ariun-Erdene has chosen her major as demography and economics and she is now sophomore student of national university. She is passionate and hardworking student. She is now requesting loan of 1,244,000MNT to pay her tuition fee and obtain good knowledge to invest in her future. She said "I would look for part-time job, if i could not get this loan. This sure will affect my study and academic success"

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
  • 1,467.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Ariun-Erdene to pay her tuition fee and obtain good knowledge to invest in her future.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Jun 23, 2013
Jul 31, 2013
Currency Exchange Loss:
Dec 1, 2014