Update on EnhtuyaMrs. Enhtuya is 51 years old and lives with her husband and two daughters in a ger (traditional Mongolian tent) in the Uvurhangai Province of Mongolia.
Her husband, Tserendonid, provides transportation services during the winters and taxi services during the summers. Her older daughter, Davaadonid, is 21 years old and a university student. Her younger daughter, Lhagvadolgor, is 17 years old and a secondary school student.
Enhtuya has been providing tailoring services since 2002 at her home, and mainly tailors traditional clothes by customers' orders. She is now requesting 1,800,000 MNT to purchase a large amount of inventory to tailor traditional clothes for the Lunar New Year, which is the high season for traditional clothes demand.
She is a hardworking and highly experienced tailor woman.
Previous Loan DetailsEnhtuya , 50, is married and lives with her husband and one daughter in Uvurhangai province, Mongolia. They live in a ger, a Mongolian nomadic housing tent, on a small plot of land that they have owned for the past eight years. They have a decent standard of living. Enhtuya started selling food... More from Enhtuya's previous loan »
About XacBankThis 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid