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Uranchimeg is 26 years old and lives with her husband and two children in a ger (a Mongolian yurt) in Dundgovi province, Mongolia. Her husband is unemployed and their two children are kindergarten students. She started her hairdressing business in 2004.

Uranchimeg is a certified professional hairdresser who is well-known around the neighborhood. However, her hairdressing equipment is old and her customers are unsatisfied. She is a sharp and hard-working woman who says, "My business is in a very vulnerable place. Since my income is the only income in the family, I need to make it right as soon as possible". She's requesting 3,500,000 MNT to buy new equipment and a large quantity of hair dye and hair cream.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,700 helped Uranchimeg to buy new equipment and a large quantity of hair dye and hair cream.
93% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 27, 2012
May 10, 2012
Currency Exchange Loss:
Nov 17, 2013