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Enhmaa D. lives with her husband and four children, whose ages range between 7 and 13, in the Bayanzurh district of Ulaanbaatar, the capital city of Mongolia. Her two oldest children are both high school students and the youngest two are 7-year-old twins who stay at home. Enhmaa's husband is a driver and works in the Narantuul market, the largest outdoor market in Ulaanbaatar.

Enhmaa has a small retail business selling second-hand clothing. She has been selling clothes for the last eight years in the Narantuul market. She usually purchases her clothes in large bags in the wholesale section of the Narantuul market and sells them individually for profit. Her family currently lives on a piece of land owned by Enhmaa's sister. In the future, she hopes to buy her own land and build a small house for her family. She requests a loan to purchase more second-hand clothes for her business.

Additional Information

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
  • 1,423.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Enhmaa to purchase second-hand clothes for her business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 30, 2009
May 20, 2009
Currency Exchange Loss:
Nov 15, 2010