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Enhtuya
Enhtuya is a married woman lives with her husband and three children in a ger (Mongolian yurt) in Darhan Province, Mongolia. Her husband helps with her business, two elder children are school students and the younger one goes to kindergarten. Her first business was a steel trading business; she started this business in 2010. She buys all sorts of junk steel from locals and sells it to the factories. Also, Enhtuya operates an organic dairy product sales business. She has four cows and she sells the milk to grocery stores, which are located near her business place. Her location is good and very noticeable. She is a sharp and hardworking woman who says, "In the future, I would like have more cows to expand my business and to support my children, because soon they will be university students." She is requesting 3,500,000 MNT to purchase organic feeds for her cows.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,315.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,675 helped Enhtuya to purchase organic feeds for her cow.
93% repaid
Repayment Term
40 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 22, 2012
Listed
May 29, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013