Namjilsuren Enkhbayar

Enkhbayar operates a firewood-selling business in her town. She purchases wood from various suppliers throughout her province and transports it to Ulaanbaatar, the largest city and capital of Mongolia, to sell.

Enkhbayar started her business in 2008 with capital of 1,000,000 MNT. She has made good progress with her business in her first year of operation, and continues to gain much experience. In just one year, she has doubled her working capital to a level exceeding 2,000,000 MNT. She hopes to continue to increase her earnings in the future and says, "I work hard so that I can pay tuition for my son." She is requesting a 2,000,000 MNT loan to purchase more wood to sell.

About XacBank

XacBank was founded in 2001, and listed its first loan on Kiva in January 2009. It is the largest microfinance organization in Mongolia, but also has mainstream commercial operations. XacBank has the vision, scale and innovation to develop and implement new solutions to poverty. It is currently utilizing Kiva’s 0% lending interest rate to return 9% of interest paid from borrowers to them in the form of a savings account at the end of their loans. This not only allows borrowers to gain financially, but also encourages them to save. To get regular updates from XacBank, please join our lending team.