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Kenjebai
Kenjebai K. is 28 years old and lives with his wife and son in their own "ger," a traditional housing tent in the Bayan-Ulgiy province of western Mongolia. His son is four years old and attends a local kindergarten. Since January 2010, Kenjebai has been renting a car repair center, a venture he undertook based on his three years of experience repairing cars and machines.

Kenjebai is modest and hardworking, He is hopeful about the future and is looking to expand the scope of his work. He tells us that he has been planning to open his own car repair service center.

He is requesting a 1,200,000 MNT loan in order to purchase necessary tools and equipment for his new business.

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
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,365.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Kenjebai to purchase necessary tools and equipment for his new business.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 1, 2010
Listed
Jul 3, 2010
Currency Exchange Loss:
Possible
Ended:
May 21, 2011