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Mrs.Namuuntsetseg is 31-year-old divorcee, who lives with her only son Enkhtuvshin 13, in rented apartment in Ulaanbaatar, the capital city of Mongolia. Her son attends a local secondary school. Mrs.Namuuntsetseg is a professional hairdresser. Between 2004-2009 she used to work for a beauty parlor as a hairdresser.

In 2009 she decided to start her own small business and established a private company. Soon afterward she rented a room and opened “Namuun” beauty salon. She hires one beautician and one manicurist in her salon. Since the start her business has flourished and at the moment she has her own trusted permanent customers.

She is a very enthusiastic, self-motivated person. Also she said that her communicative character helps in her business a lot. In the future she is planning to expand her business by opening one more branch and employing more people. At the moment, the loan she is requesting will be used to replenish beauty products and to replace old hairdressing and beauty equipment.

Additional Information

About Credit Mongol

Credit Mongol is the largest non-banking financial institution (NBFI) in Mongolia. Its mission is to contribute to the prosperity of Mongolians by providing high-quality, affordable and varied financial services to micro-entrepreneurs and small-to-medium-sized businesses. It prioritizes serving remote, rural populations that have typically lacked access to credit and other financial services. Uniquely, it offers solar panel loans to nomadic herders, most of whom live without electricity.

About Mongolia

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,237.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Namuuntsetseg to replenish beauty products and to replace old hairdressing and beauty equipment.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 12, 2011
Feb 1, 2011
Currency Exchange Loss:
Feb 15, 2012