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Mrs. Enhtsetseg is 41 years old and lives with her husband and four sons in a small house in the Selenge province of Mongolia. Her husband, Tor, age 41, helps his wife's business of selling clothes at the local market. Her sons, Barsbold, age 22, and Bold-Erdene, age 19, are university students. Her younger son, Erdenebat, age 13, goes to a local school, and her youngest son, Batmend, age 2, goes to a local kindergarten. She has been running her clothes-selling business in a rental stall of a local market since 2005. She imports clothes from a boarder city of Russia and sells them at the local market. She has built a strong supplier and customer base. She is now requesting 5,000,000 MNT to change her house windows into vacuum-sealed ones and install a new heating system since their house was built years ago and needs the renovation to reduce heat loss and stay warm during the winter. She is a hardworking, responsible and well-organized woman.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,625 helped Enhtsetseg to change her house windows into vacuum-sealed ones and install a new heating system.
74% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Nov 25, 2012
Dec 24, 2012
Currency Exchange Loss: