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Enhtaivan
Enhtaivan is 36 years old and lives with her husband, Hatanbaatar, and 4 children in a ger in Bulgan province, Mongolia. Her two daughters go to secondary school and her 5-year-old daughter and 2-year-old son stay at home. Her husband is a seasonal machinist in Bulgan Meej LLC. She started her organic dairy production business in 2007 and sells organic milk and yogurt to local residents. She used to sell organic horse milk in the summer. She is a hardworking woman who says, "I would work more confidently for my children's future if I could purchase the needed equipment to expand my business". She is requesting 1,000,000 MNT to purchase equipment and machinery. With the equipment, she wants to produce organic curds and organic dried milk products as well as butter cream thereby increasing her household income.

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

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,340.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $750 helped Enhtaivan to purchase equipment and machinery to produce organic curds and dried milk products as well as butter cream.
92% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2012
Listed
Aug 7, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014