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Tsendmaa is a 50-year-old hardworking and active woman who lives with her retired husband in suburban Ulaanbaatar. Her children are grown and live independently.

In 2005 Tsendmaa went into hairdressing after getting trained. She has gained number of regular customers and is well-known in the area. She said, "In the future I plan to expand my business so I can serve my customers well.”

Tsendmaa’s husband is seriously ill. She is requesting a 1,000,000 MNT loan from XacBank to pay her husband’s medical fees.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD