Check out some available loans that are similar to this one!
Mrs Enhtsetseg is 40 years old and lives with her two sons, in a ger, in Dornogovi province, Mongolia. Her eldest son is a student. She got her drivers' license in 2008. In August 2012, she bought car and started a taxi service business. Before that time she was a server in a local cafe. Her working hours are from 8 am to 8 pm and her daily average income is 30.000 -35.000 MNT. She is a humble and hardworking woman. Today, Mrs. Enhtsetseg is requesting a 2,000,000 MNT loan to buy gas for her car and to buy land.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,385.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Enhtsetseg to buy gas for her car and to buy land.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 10, 2012
Sep 24, 2012
Currency Exchange Loss:
May 18, 2013