Oyumaasuren, 36, is widowed and lives with her three children in Zavhan province of Mongolia. Her older two daughters attend a local secondary school and her youngest son goes to kindergarten. They live in a ger, a Mongolian nomadic housing tent, in someone's backyard. Her husband passed away in 2010 so she is responsible for taking care of her family. She began operating a hair salon in Uliastai city, the center of Zavhan province, in 1998. She participates in contests organized by local hairdressers and most often wins a prize. As an experienced hairdresser who has been operating a hair salon for more than 12 years, she also trains students at a vocational school. Oyumaasuren is popular in her area and she has many regular customers. She is a sociable, responsible and honest person who cares for her children's future. Oyumaasuren is requesting a loan of 2,000,000 MNT to buy necessary tools and items for her hair salon.
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.