Anhtsetseg is thirty-one years old and lives with her husband and a son in Dornod province in Eastern Mongolia. Her husband works in the armed forces and her son studies at the local secondary school. She has been working in a hairdressing saloon since 2008. Every month she pays to rent the room. She has become a well-known hairdresser in the area.
In order to expand her business, she would like to buy the necessary tools and equipment. She is a talented hairdresser who says that "I would like to expand my business so that I can supply the customers with better service and improve my income and our family's livelihood".
The total amount she is requesting is 600,000 MNT to buy tools for the 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.