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Tseveenrolom
Tseveenrolom is 37 years old and lives with her husband and three kids in a ger, a Mongolian nomadic tent, in Uvurhangai province, Mongolia. She started her hairdressing business in 2008 by opening a shop in the uptown area. She is well known for her excellent service and low prices. However, her equipment is getting old and people are starting to refuse her services. Therefore, she needs new equipment. She is a hardworking and diligent woman who says "My equipment is old and not operating very well". She is requesting 500,000 MNT to buy a chair for her hair salon.

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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,301.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Tseveenrolom to buy a chair for her hair salon.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 5, 2011
Listed
Oct 30, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012