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Enhjargal is 50 years old and lives with her son in a ger in Darhan Province, Mongolia. Her son, Monhzul, aged 30, works for a private company. She has been operating her grocery store business from a rental counter in the local market since 1992.

Enhjargal stopped her grocery store business temporarily due to the lack of working capital and investment. She has about 20 years of experience in the business but the reason her working capital and investment decreased to the point that she had to temporarily stop her business was that her husband sold their house and land, took all the money and went away.

Enhjargal is now requesting a loan of 3,000,000 MNT to purchase inventory and restart her grocery store business in the local market. She is a hard-working, healthy and responsible 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

  • $5,900
    Average annual income
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,445,050
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,175 helped Enhjargal to purchase inventory and restart her grocery store business in the local market.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 3, 2012
Nov 22, 2012
Currency Exchange Loss:
Dec 17, 2013