His wife, Enhchimeg, age 30, has been unemployed since she gave birth to their younger daughter, Enhjin, age 5. Enhchimeg is now planning to start a taxi service business. Enhtor's older daughter Mart, age 8, goes to local primary school. Enhtor has been running a transportation service business in town, as well as back and forth to a mining site and town, during the summer.
Enhtor is now requesting MNT 2,700,000 to purchase an eco-friendly, electric and gas-consuming car for his wife to start her taxi service business in town. He and his wife are open-minded, friendly, and responsible people.
More information about this loan
This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.
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.
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