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Enhjargalan
Enhjargalan is the 43-year-old female head of her family who lives with her two children in a rental apartment in Govisumber Province, Mongolia. Her daughter, Uyanga, aged 20, is a university student and her son, Ayanga, aged 17 is a polytechnic college student.

Enhjargalan has been working as a saleswoman at the local market since 2007. She has built a strong customer and supplier base within the province and now she is planning to open her own grocery store in that market. She is requesting a loan of 1,100,000 MNT to pay for inventory and the first month's counter rent. She is a neat, responsible and hard-working 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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,343,850
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $800 helped Enhjargalan to pay for inventory and the first month's counter rent for her new grocery store business.
95% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 2, 2012
Listed
Nov 22, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013