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Enhmaa is 45 years old and a widow who lives with her daughter in a small house in the Niseh district of Ulaanbaatar, Mongolia. Her husband passed away August 2012. Her husband used to drive a minivan as a public transportation service and she worked as a conductor. Her daughter Hulan, age 24, has graduated from university and just started a clothing retail business at a rental counter of a local shopping center. Their family business stopped because of their loss of their loving husband and father.

Enhmaa is now requesting a loan of 4,000,000 MNT to restart her husband's business as a public transportation provider and to repair their minivan to run the business. She is a strong, hardworking, and welcoming woman who also has a good history on her previous loan repayments.

Picture of borrower is in her daughter's clothes retail store in local shopping center.

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.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,390.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,900 helped Enhmaa to restart her husband's business as a public transportation provider and to repair their minivan to run the business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 22, 2012
Dec 21, 2012
Currency Exchange Loss:
Sep 17, 2014