Update on EnhtaivanMrs. Enhtaivan is 41 years old and lives with her husband and 3 children in a house in the Uvurhangai province of Mongolia. Her husband Davaapuntsag works as a guardsman for the local military. Her sons Tsergiinbayar, age 13 and Otgonbayar, age 6 and daughter Hulan, age 15 go to local schools. Enhtaivan has been running a clothing retail shop in the local market since 2002. She has gained a lot of experience and a regular customer base over the years. She is now requesting 4,000,000 MNT to purchase inventory for her clothing retail business. She is an enthusiastic, optimistic and hardworking lady.
Previous Loan DetailsEnhtaivan, 40, lives with her husband and three children. Her husband works as a safety conduct in a military unit and two of their children are in secondary school. She started her retail business selling household goods and clothes outside of the market and now she runs it inside the biggest… More from Enhtaivan's previous loan »
About XacBankThis 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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