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Ser-Od is 49 years old and lives with her husband and 2 children in a ger (traditional Mongolian tent) in the Songinohairhan district of Ulaanbaatar, Mongolia. Her husband, Tuvshinbayar, has worked 32 years at the Mongolian railway company and has just retired. Her son, Monhbat, studies at the university, and her daughter runs her small business in town.

Ser-Od has been running her business of a small grocery store on their spare land. She is now asking for a loan of 1,000,000 MNT to cover her son's university tuition and dormitory fees. She and her family members are all hardworking and neat people.

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
  • 1,392.9
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Ser-Od to cover her son's university tuition and dormitory fees.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 26, 2012
Dec 26, 2012
Currency Exchange Loss:
Dec 17, 2013