Check out some available loans that are similar to this one!
Enhtuya
Mrs. Enhtuya is a married borrower from Uvs province, Mongolia. She lives with her husband and children in a Ger, the traditional nomadic yurt on her mother's plot of land. Her husband is planning to start a tire repair service business on the plot of land.

Enhtuya has been running a grocery store business since 2013. She has just started running the food store in front of her Ger on the plot of land. Her husband built a small store place to run the business in 2013. Her husband has just purchased tire repair machinery and some equipment to run his business. Now she is requesting 5,000,000 MNT to make small repairs to her store and help her husband build a tire service place. Enhtuya and her husband are hardworking and diligent people.

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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,824.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,750 helped Enhtuya to repair her store and help her husband build a tire service place.
45% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 13, 2014
Listed
Jun 16, 2014
Currency Exchange Loss:
Possible