Check out some available loans that are similar to this one!
Enebish is 62 years old and lives with her son in a 'ger' (Mongolian yurt) in Arhangai province, Mongolia. Her son is a college student. She started her hairdressing business in 1997. She runs her business in a rented space. Her monthly sales amount to 600,000-800,000 MNT. Her hairdressing is stylish and inexpensive. She cuts around 25-30 people's hair a day. She is a humble and hard-working woman who says, "I want to build my own beauty salon." She is requesting 2,000,000 MNT to pay her son's tuition fees.

Additional Information

More information about this loan

This loan is part of XacBank's education program, designed to finance school tuition for students whose families have low incomes or work in informal sectors of the economy. Funds can be used for partial or complete payment of expenses related to secondary and higher education.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,365.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Enebish to pay her son's tuition fees.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 15, 2012
Sep 21, 2012
Currency Exchange Loss:
Oct 17, 2013