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Enhtaivan
Enhtaivan is a 50-year-old widow who lives with her daughter in a small house in the Hentii province of Mongolia. Her daughter Uugan-Orgil, age 27, is temporarily unemployed and helps her mother. Enhtaivan has been running a meat sales business in a local market since 1997. Her business stopped in 2011 because her husband got sick and soon after that her husband passed away.

Enhtaivan is now planning to restart her meat selling business in the local market where she used to run her business before. She is requesting a loan of 3,000,000 MNT to purchase livestock and meat products to resell at retail prices in order to restart her business. Enhtaivan is a diligent, well-behaved, and hardworking 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
  • 1,390.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Enhtaivan to purchase livestock and meat products to resell at retail prices in order to restart her business.
97% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 18, 2012
Listed
Dec 18, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013