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Update on Enhtaivan

Enhtaivan is a forty-year-old woman who lives with her husband and three children in Uvurhangai province in Central Mongolia. Her two children study at secondary school and the youngest child goes to kindergarden. Her husband is employed.

After working as a shop assistant, she had an idea to start her own business. In 2002, she started her garment-retail business. Now she purchases supplies from China and trades them to her regular customers at the market.

Enhtaivan is a diligent woman who says that "I would like to develop the business activity by purchasing supplies in large quantities from China. I am planning to increase the types of clothes and save the transportation expenses".

The total amount she is requesting is 3,000,000 MNT to buy the garments.

Previous Loan Details

Enhtaivan, 40, lives with her husband and three children. Her husband works as a safety conduct in a military unit and two of their children are in secondary school. She started her retail business selling household goods and clothes outside of the market and now she runs it inside the biggest m... More from Enhtaivan's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Mongolia

  • $5,900
    Average annual income
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD
A loan of $2,300 helped Enhtaivan to buy garments to sell from China.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 6, 2012
Apr 18, 2012
Currency Exchange Loss:
May 18, 2012
This photo was used before for a previous loan for Enhtaivan. It was first posted on Kiva on Feb, 2012. Learn More