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Mrs. Hishigsuren is 51 years old and lives with her husband and 2 daughters in a small house in the Bayanhoshuu area of Ulaanbaatar city, Mongolia.

Her husband Ganbold works at a local company as a welder. Her daughters both attend local schools.

Hishigsuren has been working as hairdresser in a barber shop since 2007 and has regular clients. She is now planning to open her own small barber shop and employ 2 or 3 other hairdressers to start her business. She is now requesting a loan of 3,000,000 MNT to purchase construction materials and equipment to renovate her workplace and start her business. She is a hardworking, diligent and welcoming lady.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 1,625.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,850 helped Hishigsuren to purchase construction materials and equipment to renovate her workplace and start her business.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Sep 9, 2013
Oct 16, 2013
Currency Exchange Loss:
Oct 2, 2014