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Enhtur S. is 38, married and the father of three daughters, ages 2, 13, and 18. His family lives in a "ger" (nomadic traditional tent) district in Ulaanbaatar, the capital city of Mongolia. His daughters are attending a local kindergarten, elementary school and university, respectively. Enhtur's spouse, Gandi, is 37 and works as a saleswomen.

In 2005, Enhtur started running a retail business with his younger brother. They buy old cars and fix them up to sell for a higher price. They also get orders from clients to fix their vehicles.

Enhtur has gained a lot of experience and has many repeat clients. He plans to attract more clients to increase his income and open a large car care center. He would like to spend the Kiva loan on home maintenance and to buy an old car to increase his business inventory.

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

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,402.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,875 helped Enhtur maintain home and buy a second-hand car to fix up and re-sell.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Apr 21, 2009
May 12, 2009
Currency Exchange Loss:
Jun 15, 2010