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Enhtsetseg
Enhtsetseg, 25 years old, lives with her husband and 2 children in their own small house in Sainshand soum of Dornogobi province, Mongolia. Her husband, Tserenbat, aged 25, provides a taxi service business to local customers. Enhtsetseg's children stay home with their grandparents during the day.

Enhtsetseg graduated from a manufacturing and specialty training center as a chef in 2007. She has been working as an assistant chef and chef for a small cafeteria since then. She is now planning to open her own cafe in a good location where a shopping center and schools are located. Enhtsetseg has estimated her potential income and profit, which would be enough to cover family expenses and save a little for her children's future. She is requesting a loan of 3,500,000 MNT to purchase equipment and inventory for her new cafeteria business. Enhtsetseg is a hardworking, responsible 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
  • 1,389.9
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,525 helped Enhtsetseg to purchase equipment and inventory for her new cafeteria business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 20, 2012
Listed
Nov 19, 2012
Currency Exchange Loss:
Possible
Ended:
May 22, 2013