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Enhbaayar
Enhbaayar is 27 years old and lives with his wife and a son in a ger, a Mongolian felt tent, in the Hentii province of Mongolia. His son will attend kindergarten this fall and his wife is an accountant at Baylag Hurah LLC. Enhbaayar started a transportation service in 2005. After saving his profits, he purchased a car in 2010 and became a taxi driver. Now, he runs a public transportation service in his local town. Enhbaayar is well-balanced in terms of providing income to his family and supporting his business. He is a hardworking, diligent, and honest man who says, "After I received my driver's license, I was in the public transportation business. Now my wife is pregnant and I cannot go far away from home for longer time. That is why I bought this small car. I fix this car by myself.”

Enhbaayar is requesting a 1,500,000 MNT loan to purchase a car engine and other spare parts to maintain and repair his car.

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
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,227.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Enhbaayar to purchase a car engine and spare parts.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2011
Listed
Aug 19, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012