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Mrs. Enhjargal, 23 years old, lives with her husband and 2 sons, aged 1 and 4, in their small house in Selenge province, Mongolia. Her husband, Tortogtoh, works at a local TV broadcaster.

Enhjargal started her hairdressing business in a rental place in 2011, after she graduated from a specialized hairdresser training course. She is already well known among clients with her friendly, gentle and tasteful service. After having given birth to her son, Enhjargal is now going back to work and needs 2,000,000 MNT to purchase necessary inventory and tools to continue providing her barber shop service.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,694.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,200 helped Enhjargal to purchase necessary inventory and tools to continue providing her barber shop service.
98% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 25, 2013
Jan 24, 2014
Currency Exchange Loss:
Aug 4, 2015