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Enhnaran
Mrs. Enhnaran is 44 years old and lives with her husband, six children, and her niece in the Sukhbaatar district of Ulaanbaatar, Mongolia. Her husband, Bathuyag, is 45 and works at home producing hand made wooden tools and other equipment by order. Her children, Sod-Erdene, 23, and Bolortuya, 21, work at a private company; Mongonshagai, 18, and Anhiluuntsetseg, 17, are university students; Batnaran, 14, is in secondary school; and her youngest son, Chinbat, 4, goes to kindergarten.

Mrs. Enhnaran and her husband work hard to educate their children and to live independently. She has been working as a salesperson at the local market for years, and now she is planning to open her own stationary and clothing business there. She is requesting 2,500,000 MNT to purchase inventory for her new business. She is a hardworking, honest, and friendly woman.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,387.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,825 helped Enhnaran to purchase inventory for her new stationary and clothing business.
97% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 20, 2012
Listed
Nov 18, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013