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Yanjindulam, 31, lives with her husband and son in a ger in the Bayanzurh district of Ulaanbaatar, Mongolia. Her husband, Surhiisaihan, 32, provides transportation services in town. Her son, Enhtogoldor, 13, goes to a local school. The borrower graduated from hairstylist school in 2004 and started working in hair salon for years. She has obtained a lot of experience and regular customers over the years. She is now opening her own hair salon in a rented place and needs 5,000,000 MNT to purchase equipment and tools to begin it. She is a hardworking, honest and responsible woman.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,625 helped Yanjindulam to purchase equipment and tools to start her own hair salon.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 18, 2012
Jan 17, 2013
Currency Exchange Loss:
Sep 17, 2014