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Enhbayar
Mrs. Enhbayar is 40 years old and lives with her husband and two children in a little house in Orhon province of Mongolia. Her son is a college student and her daughter is a secondary school student. Her husband helps her business. She has been running a public transportation business since 2009. Also, she and her husband have been managing a pig farm for four years. She and her husband are starting a construction block-producing business. She is planning to purchase a large amount of inventory for block production when prices for inventory is at the lowest of the year. She is requesting 2,000,000 MNT to purchase raw materials for block manufacturing. She is a hard-working, welcoming, and friendly person.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,382.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Enhbayar to buy raw materials for block manufacturing.
91% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2012
Listed
Oct 27, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014