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Enhchimeg
Enhchimeg, 29, is married and lives with her husband in the Hentii province of Mongolia. They live in a house that they own and have a decent standard of living. Her husband owns and operates a taxi, transporting people between cities and traveling seven or eight times a month.

Enhchimeg began selling clothes in 2008. She operates a rented stall at a local trading center. Her monthly income is between 1,500,000 and 1,800,000 MNT. The trading center where she operates her stall is located on a busy street which is an advantage for her business. Enhchimeg is requesting a loan of 2,500,000 MNT to purchase more clothing for her business. She is a modest and hardworking regular customer of our bank who says, "I would like to carry on this business and expand it since I support my family with the income from this business. I want to increase the amount and variety of goods that I sell."

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
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,245.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,025 helped Enhchimeg to purchase more clothing for sale.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2011
Listed
Feb 24, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 19, 2011