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Enhtsetseg
Enhtsetseg is the 41-year-old female head of a family living in a ger (traditional nomadic tent) in the Bayanhongor province of Mongolia. Her sons Enhbayar, age 21, and Davaasuren, age 19, are university students and her daughter Badamtuya, age 17, is a senior student at the local secondary school. Enhtsetseg has been selling organic dairy products in the local market for 12 years. She is now requesting 1,000,000 MNT to purchase more organic dairy products from herders, which she will sell to local customers. She is a hardworking, strong, and diligent 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 Mongolia

  • $2,175
    Average annual income
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,341,800
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $725 helped Enhtsetseg to purchase more organic dairy products to sell.
98% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2013
Listed
Feb 17, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013