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Mrs. Enhnasan is 50 years old and the head of family. She lives with her daughter in small house in Selenge province of Mongolia. Her daughter Monhgerel, age 27, helps her mother to run their business exporting retail goods. They started their retail business in 2008.

The borrower uses rental transportation to transport goods and that costs a lot. The borrower is planning to purchase a vehicle and now requesting an additional 1,500,000 MNt to purchase an eco-friendly electric and gas consuming car to run their business smoothly at lower cost. The borrower and her daughter are friendly, helpful and hardworking ladies.

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

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,396.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Enhnasan to purchase an eco-friendly electric and gas consuming car to run their export business smoothly with lower cost.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Feb 17, 2013
Mar 19, 2013
Currency Exchange Loss:
Sep 26, 2013