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Enhgerel
Enhgerel S. is a 56-year old widow who lives with her daughter and son-in law in a ger, a traditional Mongolian nomadic tent, in Tuv province in Mongolia. She manages her grocery store with the help of her daughter. She has been in business since 2008. Her methods and experience have improved and grown, and the number of her clients has increased.


Initially she started in business by managing a computer game center service with working capital of a half million MNT, but now it has grown to 5,000,000 MNT (3,748 USD). Her family managed to expand their small store into a newer and bigger one with their business profit.


Enhgerel is a hard-working, modest woman who would like to keep growing her business further. She says, “I wish I could help my daughter to get a house with our business profits.” She is requesting a 4,000,000 MNT (2,998 USD) loan in order to purchase a large amount of food to be sold in the store and increase her working capital as well.

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
  • 1,334.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Enhgerel to purchase a large amount of food for her store.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2010
Listed
Sep 17, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012