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Ms. Azzaya is 27 years old and lives with her husband and daughter in an apartment in the Dornogovi province of Mongolia. Her husband Amarsanaa is 31 years old and studies in South Korea for his Master's; her daughter Anudari is 7 years old and studies at a local primary school.

Azzaya has been working at a beauty salon since 2010. She has built close relationships with her clients over the years and has started her own business of beauty service in a rental place in the local market. She is now requesting a loan of 2,500,000 MNT to purchase equipment and tools to provide full service to her clients. She is a hardworking, strong, and diligent 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,417.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,775 helped Azzaya to purchase equipment and tools to provide full service to her clients.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 5, 2013
Jun 24, 2013
Currency Exchange Loss:
Jan 17, 2014