Mrs.Buyanjargal is 41 years old lives with her husband and 2 sons in their small house in Tuv province, Mongolia. Her husband works at local company. Her sons attend local schools.
Buyanjargal has been providing hairdressing service to local clients for 8 years in rental place with her another hairdresser friend. She is very talented and well-known with her friendly and affordable service. She and her husband have made renovation to their house last year to improve their living condition. She is now requesting loan of 1,500,000MNT to purchase shampoo, conditioner and other necessary materials to continue her business smoothly. She is hardworking and diligent woman.
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.