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Erdenehuu
Erdenehuu is a 55 years old single mother who lives with her daughter in a ger (Mongolian yurt) in eastern Mongolia. Her daughter is a cab driver.

Erdenhuu started her business journey in 2000 by operating a meat-selling business. In 2010 she expanded her business, renting a counter in the market and selling garments. Her garment retailing business is going well. Her products are very stylish, high quality and cheap, therefore she has many regular customers.

Now that winter has arrived, she needs to sell warm clothes. She is a sharp and hardworking woman who is requesting 1,500,000 MNT to purchase garments from Erlian, a border city of China.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,350.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,125 helped Erdenehuu to purchase garments from Erlian to sell.
99% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2011
Listed
Dec 14, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013