Altangerel has been providing a tailoring service in a rental booth since 1993. She has many regular clients and she is well-known with for her quality and good service among clients. She is now requesting a loan of 5,000,000MNT to cover her granddaughter's university tuition fee and other school related expenses. She is a hardworking, welcoming and talented tailor.
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 XacBankThis 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.
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Success!! The loan was 100% repaid