A loan of $1,075 helped to purchase cosmetic products.


Narantuya's story

Narantuya is a 46-year-old married woman who lives with her husband and 2 daughters in Ulaanbaatar, the capital city of Mongolia. Her family does not own their own apartment yet, but they have a mortgage from another bank to eventually own it.

Her husband works as an engineer at a local outdoor market while her oldest daughter is a teller at a commercial bank. Her younger daughter attends university in China.

Narantuya has been supporting her family by operating a beauty salon for 12 years. Previously her youngest daughter helped her mother at the salon by giving manicures and pedicures. Now that her daughter studies abroad she operates it by herself. Narantuya’s salon offers body and head massages, facial treatments and eyebrow tattoos.

When she started her business in 2001, Narantuya’s salon was in a small space with only one massage bed. Since then, her salon has expanded to three massage beds, with a variety of other services, in a larger space than before. The salon has an average of twenty customers per day. With this loan of 1,500,000 Mongolian Tugriks (MNT), Narantuya will purchase cosmetic products to use and to sell. The loan will hopefully allow her to expand and improve the quality of her services. The salon’s extra earnings will go towards her family’s expenses and her family’s goal of being secure in their own apartment. She is a very well trusted client of our institution.



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Loan details