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Enhtuvshin is 46 years old and lives with his wife and two children in their own house in Dornod province, Mongolia. His older daughter is a student while his younger one helps with the family business. He manages a good trading business at a border city of Mongolia. Before his business operation he used to work as a driver in his younger brother's company for 10 years. He started a motorcycle trading business three years ago and gained much experience. Also, he sells grocery products such is a rice, flour, etc.

Even within this short period of time, he has managed to build a strong customer base and a good relationship with his suppliers. He is planning to expand his business in the future. He is a serious man who attributes his business success to his good accounting skills. He is requesting a 2,000,000 MNT of loan to purchase more products and to increase his business sales.

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
  • 1,214.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,650 helped Enhtuvshin to purchase more products for resale.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 18, 2011
Apr 21, 2011
Currency Exchange Loss:
Jun 20, 2012