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Enhtuya
Enhtuya is a 29-year-old woman who lives with her husband and two children in Ger, in the Bulgan Province, Mongolia. Her husband is a driver in the Ikh-Alt LLC.

Enhtuya graduated from the university and has been working as a salesperson in clothing retail for 2 years now. She has obtained lots of experience in this business, and now she is planning to open her own clothing retail business. Her short-term plan is to own a clothes shop in her own place. She is requesting 1,600,000 MNT to purchase clothes and other goods to sell at her retail counter.

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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,382.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Enhtuya to purchase clothes and other goods to sell at her retail counter.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2012
Listed
Oct 28, 2012
Currency Exchange Loss:
Possible
Ended:
May 21, 2013