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.
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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This loan has been fully funded!