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Ms. Bayarsaikhan is the only child who studies in local private university to attain a bachelor's degree. Her major is in accounting and economics due to her thought that every organization has to have a professional accountant who is able to understand economic changes. She is so hard working and is a passionate student. In addition, she helps her mother's business during the summer break. The semester that is about to start is her final semester and it is quite important to her and her life. Therefore, in order to fulfill her dream, she is requesting MNT 630,000 to pay her tuition fees.

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
  • 1,557.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Bayarsaikhan to pay her tuition fees.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Jul 19, 2013
Aug 17, 2013
Currency Exchange Loss:
May 17, 2014