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Enhtuya
Enhtuya is 49 years old and lives with her husband and three children in Tuv province, Mongolia. She and her family live in a Mongolian traditional nomadic tent called “ger”. Her oldest son and daughter, 21 and 22, attend university while the youngest is in secondary school. Her husband is a driver who operates a taxi service. She operates a hair salon with the help of her three friends in her town. She has been a hairdresser since 1979 and worked at a private hair saloon until opening her own business. She started her business in 2006 and since then has stabilized her business operation over the years. Her hair saloon is well known amongst residents of Tuv province. She attributes her business success to the good location of her hair salon. With her business earnings she started constructing a house in her yard. She is open-minded and a hardworking business woman who has lots of plans for the future. She says, “All I want is to have my children to be educated and have nice life.” She is requesting a 1,900,000 tugrugs (~1340 USD) loan to pay her two children's tuition fees and to buy tools and equipment needed in her hair salon business.

Additional Information

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,452.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,325 helped Enhtuya to buy tools and equipment for the hair salon, and pay children's tuition.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2010
Listed
Jan 29, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 16, 2011