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Enhtuya
Mrs. Enhtuya is 55-years-old and lives with her son and daughter in a small house in the Huvsgul province of Mongolia. Her son, Dorjbalbar, is 24-years-old and a university student. Her daughter, Dolgorjav, helps her mother to produce organic dairy products at home. Enhtuya started her business in 2005. She had lost her ability to work and gets a small amount of pension. She sells her products in Ulaanbaatar city. She is well-experienced since she lived with her parents in the countryside herding livestock and producing a variety of dairy products.

She is now requesting a loan of 4,000,000MNT in order to purchase construction material to build a workplace on her plot of land and to purchase different shapes and produce a different variety of dairy products. She is a hardworking, positive 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.

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About Mongolia

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,430.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,800 helped Enhtuya to purchase construction material to build a workplace on her plot of land and to purchase different shapes and produce a different variety of dairy products.
92% repaid
Repayment Term
37 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2013
Listed
Jul 7, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 1, 2013