Sanjaa is a 29-year-old woman who lives with her husband and a son in the Bayanhongor province of Southern Mongolia. Her son studies at the secondary school.
Sanjaa started retailing beauty supplies in 2010 using her experience working as a beauty shop assistant. She also offers manicures and other beauty services. She has expanded her business several times, and her husband helps with the business.
Sanjaa is an open and hardworking woman who says, "I would like to expand my business activities by purchasing beauty supplies in large quantities. I have a further plan to develop the business more." The total amount she is requesting is 2,974,000 MNT to buy beauty supplies.
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.