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Enhtuvshin
Enhtuvshin is 25 years old. She lives with her husband and two children in a small house in the Bayanhongor province of Mongolia. Her husband, Olziijargal, aged 29, runs a taxi service in town. Her daughter, Erdenetungalag, who is three, goes to the local kindergarten, and her son, Erdenebayar, who is one, stays home. Enhtuvshin started her business of clothing retail in a rental counter of the local market in 2011. When she gave birth to her son, she stopped the business until now. She is now planning to restart her business in a rental counter of the local market and needs an additional investment of MNT 2,500,000 to buy starting inventory for her new clothing sales business. She is a hardworking and welcoming 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
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,382.4
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,825 helped Enhtuvshin to buy starting inventory for her new clothing sales business.
88% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2013
Listed
Feb 23, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 25, 2014