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Mrs. Enhtsetseg is 28 years old and lives with her husband and two children in a house in Hentii province of Mongolia. Her husband Altansuh, aged 32, works at a local fire department. Her children Monhbileg, aged 8 goes to a local primary school and Monhmandah, aged 3 goes to a local kindergarten.

The borrower has been working as a saleswoman for years in the local market. She has gained a lot of experience and now she is starting her own business of clothing sales based on her experience and network. She is requesting 1,500,000 MNT to purchase a starting inventory from Erlian, China for her newly started business. She is a hardworking, diligent and honest 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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    Funds lent in using Kiva
  • 1,377.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Enhtsetseg to purchase starting inventory from Erlian, China for her newly started business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 31, 2012
Jan 30, 2013
Currency Exchange Loss:
Jan 17, 2014