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Enhtur
Enhtur is 36 years old and lives with his wife and son in a house in the Sansar area of Ulaanbaatar, the capital city of Mongolia. He manages a leather-goods manufacturing business with the help of his wife.

He started his business in 2008 based on experience he gained at Montulga, a manufacturer of leather goods. Since then he has been able to employ two more workers who are specialized in the production of leather souvenirs and gifts intended for foreign tourists. Enhtur himself is responsible for taking orders and introducing his goods to his customers, and his wife is responsible for designing and making goods.

His wife graduated from the University of Culture and Art with Bachelor of Design. Enhtur is a hardworking man who possesses good managerial skills. He says, "By renewing my equipments and techniques, I want to produce more qualified and fine goods which eventually occupy 10% of the market demand."

He is requesting a 3,000,000 Mongolian tugriks (MNT) loan to purchase new equipment and some materials in order to produce an increased amount of products.

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
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,250.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Enhtur to purchase new equipment and some materials.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2011
Listed
Apr 29, 2011
Currency Exchange Loss:
Possible
Ended:
May 17, 2013