Enh-Undral began her business in 2004 with the help of her mother and has become very established in the many years since. She plants vegetables in the summertime in order to supplement her business earnings and has become successful in that endeavor as well. Enh-Undral is very modest and dreams of having a profession. She would like to expand her business even further in the future by building a greenhouse and a storehouse and is requesting a 1,945,000 MNT loan in order to purchase more products and vegetables in bulk for her business.
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