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Mrs. Siilegmaa is a 48-year-old widow. She lives with her three daughters and a son in a house in the Uvs province of Mongolia. Her daughters, Nansalmaa, age 22, and Otgontuya, age 18, are university students. Ijiltuya, age 12, and son, Suhbat, age 16, go to local schools.

Siilegmaa has been working at a local power plant for 27 years, and she also runs a small retail business in her off-duty time. She is now requesting 2,000,000 MNT to pay her daughters' university tuition fees and to cover their living expenses in the city.

Siilegmaa is a hardworking, strong and goal-oriented woman.

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
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Siilegmaa to pay her daughters' university tuition fees and to cover their living expenses in the city.
100% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Feb 4, 2013
Mar 7, 2013
Currency Exchange Loss:
Sep 25, 2013