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Enhmagnai
Enhmagnai D., 42 years old, lives with her husband and two sons in their own house in Uvurhangai province. Since her husband started his business in 2007 transporting raw materials, they have expanded the business type to coal, firewood transport, and trading. They are interested in enlarging the operation still more.

Enhmagnai is very generous and tidy. She is requesting a 3,500,000 MNT loan to purchase a car in order to develop her business activity.

Additional Information

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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,386.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,550 helped Enhmagnai to purchase a car to develop her business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2010
Listed
Jun 9, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011