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Enhjargal
Enhjargal P. lives with his wife and a teenage daughter in the Chingeltay district of Ulaanbaatar, the capital city of Mongolia. His daughter is a student in a local secondary school. Enhjargal has a small business making shoes. He makes winter shoes for adults and children, and all his shoes are sewed manually.


He launched his shoe business in 2000, and since then the business has expanded as the demand for his shoes has steadily increased. Following the increased demand, Enhjargal rented a larger work space and hired his two sisters. They make on average 100 shoes in a month.


In the future, he would like to own an automatic machine to make the shoe-making process faster and more labor efficient. He requests a loan to purchase raw materials, such as leather and insulation 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

  • $2,175
    Average annual income
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,437.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,100 helped Enhjargal to purchase raw materials, such as leather and insulation materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 7, 2009
Listed
Apr 16, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009