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Enh-Amgalan is a 42-year-old widowed woman who lives with her daughter in Ulaanbaatar City, Mongolia. Her daughter goes to secondary school. They live in a rental 'ger.' Since her husband died, she started a boots production and retail business in 2008. She is a talented woman in the field and makes boots in a stylish and traditional way. Not only does she make boots, but she has started to rent a shop counter to sell them. Enh-Amgalan is a hard-working woman who says, "I would like to develop my business activities by purchasing the necessary materials for the boots' production. I am planning to improve my livelihood level." The total amount she is requesting is 3,000,000 MNT to buy more materials.

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
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Enh-Amgalan to buy more materials.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 12, 2012
May 9, 2012
Currency Exchange Loss:
Jun 17, 2013