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Enhtaivan
Enhtaivan A. is 37 years old and lives with her son in Arhangai province of Mongolia. She and her family live in a 'ger', a traditional Mongolian nomadic tent. Her son studies in a local high school. Enhtaivan operates a dairy product retail business in her town at the local market. She began her business in 1998 with capital of 30,000 MNT. After years of successful operations, she has increased her capital to 1,360,000 MNT.

Enhtaivan has an open heart and works hard to improve her business. She has many plans for the future and said, “ My only wish is to be able to support my son to be a better person in the future.” She is requesting a 2,000,000 MNT loan in order to purchase more dairy products to sell in her business.

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

  • $5,900
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,380.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Enhtaivan to purchase more diary products.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2010
Listed
Jun 23, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2010