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Enhbaatar V. is 24 years old and lives with his wife and infant baby in Uvurhangai province in central Mongolia. He and his family live together in their own ger, which is a traditional Mongolian nomadic home tent, in his parents' yard. His wife is currently unemployed and takes care of their two month old son.

Enhbaatar operates a flour, rice and hay selling business out of a shipping container at the local market. He worked for a construction company in Ulaanbaatar, the capital city of Mongolia, after graduating from his university in 2009. In February 2010, Enhbaatar started his grocery selling business by renting the container. In addition he also conducts a class on model planes, based on his previous experience from attending the Robocon technical competition, to supplement his earnings.

Enhbaatar is a modest and hardworking man. He is requesting a 1,500,000 MNT loan to purchase hay for cattle to sell.

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
  • 12
    View loans »
    Mongolia Loans Fundraising
  • $15,444,050
    Funds lent in using Kiva
  • 1,275.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Enhbaatar to purchase hay for cattle.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 26, 2010
Nov 10, 2010
Currency Exchange Loss:
May 21, 2011