Enkhtuya is healthy and able to run her business further. Personally speaking, she is a good communicator and a meticulous person. Enkhtuya said: “I will keep running this business until my children get into a profession.” She is requesting 1,000,000 tugrugs (approx. $690 USD) to purchase repair parts for her truck for 200,000 tugrugs and firewood with the rest of 800,000 tugrugs.
About XacBankThis 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.
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Success!! The loan was 100% repaid