Enhtur T. is 33 years old and lives with his wife and two daughters in the Uvurhangai province of Mongolia. He and his family live together in a ger, a traditional Mongolian nomadic tent. His two children attend a local high school.
Enhtur operates a car tire repair service and a tire sales business at his own workplace. He started this business in 2006 and has built a stable and successful operation within this short period. For the future, he plans to expand his tire repair service. Enhtur is a hardworking man and is requesting a 900,000 MNT loan to buy more parts and equipment for his tire repair business.
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.