Anhtsetseg is a 32 year old woman who lives with her husband and 2 children in Govisumber province in Southern Mongolia. Her husband is a graduate student. Her children go to the secondary school and a kindergarden.
Anhtsetseg is running a hairdresser's salon business so far. It has been 3 years since she started. She attracts a lot of customers by her skill and good service. Anhtsetseg is a talented hairdresser who says "I would like to develop the business activities by purchasing a car for my business. I have a further plan to make my business bigger". The total amount she is requesting is 3,700,000 MNT to buy car.
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.