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Mrs.Shiirev is 56 years old and lives with her two children in an apartment in Hotol soum of Selenge province, Mongolia. Her daughter, Gantuya, has graduated from university this year and got a job in a domestic cashmere company. Shiirev's son, Suh-Erdene, is a junior student in engineering school.

In 2005, Shiirev started her retail clothing business in the local market. She has been managing her family alone since her husband passed away and now her daughter got well-educated and is able to live on her own. Shiirev's only goal is to let her son graduate as a well-educated engineer and be able to live on his own.

She is now requesting loan of MNT 5,000,000 to pay her son's tuition and other school-related expenses. She is a hard-working, enthusiastic, and positive person.

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
  • 1
    View loans »
    Mongolia Loans Fundraising
  • $15,353,325
    Funds lent in using Kiva
  • 1,559.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,225 helped Shiirev to pay her son's tuition and other school-related expenses.
54% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Aug 13, 2013
Aug 28, 2013
Currency Exchange Loss: