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Enkhtur
Mr Enkhtur is 40 years old and lives with his wife, Mendbayar, and his two children aged 14 and 5. They live in Erdenet city which is the third largest city in Mongolia. His wife works in the local hospital as a cleaner. Mr Enkhtur owns a small garage. Since 2007 he has been running his auto repair business. In 2009 he bought tire repairing equipment and expanded his business.

Enkhtur is very hard-working and is well-known in his local community. He has his own local customers, whose cars he fixes and services.

Mr Enkhtur and his family live in their parents' old house which needs some improvement. They are requesting this loan as they want to buy some building, insulation and decorating materials and to do make some improvements to the house.

Additional Information

About Credit Mongol

Credit Mongol is the largest non-banking financial institution (NBFI) in Mongolia. Its mission is to contribute to the prosperity of Mongolians by providing high-quality, affordable and varied financial services to micro-entrepreneurs and small-to-medium-sized businesses. It prioritizes serving remote, rural populations that have typically lacked access to credit and other financial services. Uniquely, it offers solar panel loans to nomadic herders, most of whom live without electricity.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,300.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Enkhtur to buy building, insulation and decorating materials to improve their house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2010
Listed
Sep 1, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2011