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Enhee
Mr. Enhee is 47 years old and lives with his wife and three daughters in their Ger, a traditional nomadic yurt, in Uvs province, Mongolia. His wife, Horloo, has been running their family business of a butcher shop at a rental counter of the local market. His older two sons have married and live apart from them; his older two daughters are university students, and the youngest daughter is a local secondary school student.

Enhee and his wife have been running the butcher shop business for more than a decade now and have a lot of experience and a network in the business. They have been running their business successfully and supporting their children with their education and families. Enhee is a hardworking, thoughtful and caring man who is now requesting a loan of 8,000,000 MNT (Mongolian tugriks) to purchase a large amount of meat products and organic dairy products to sell to local residents during the high season for the products.

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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,705.9
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,700 helped Enhee to purchase meat products and organic dairy products to sell to local residents.
43% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 25, 2013
Listed
Jan 22, 2014
Currency Exchange Loss:
Possible