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Enhtsetseg N., 33, lives with her son in Hovd province, Mongolia. Two years ago, she was divorced from her husband and now lives with her son in a ger (the Mongolian nomadic tent). Her son attends kindergarten. Currently, Enhtsetseg operates a grocery store in her town. She has been running her grocery store since 2002, and has steadily expanded her business. She has gained significant experience over the past eight years and has built a loyal customer base. Her product sales are quite good.

Enhtsetseg has been planning to operate a clothing trading business in addition to her grocery store business. She has been working hard to provide a better life for her son. She has a great business mind and is requesting a 3,000,000 MNT loan so she can operate a clothing trading business in addition to her current 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
  • 1,407.9
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,150 helped Enhtsetseg to open a clothing trading business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 6, 2010
May 11, 2010
Currency Exchange Loss:
Jul 15, 2010