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Enhtur lives with his wife and kid in a ger, a Mongolian yurt, in his father's yard in the Hovd province of Mongolia. He is recently married and just got a baby. His wife used to help with his business but due to her recent birth, she is not able to help him; instead, she take cares their baby.

He started his coal reselling business in 2009; however, due to his recent marriage, he spent a lot of money, and he is willing to increase his asset. He is a hardworking and diligent man who says, "I have a lot of responsibility now. I need to support my wife and child."

He is requesting 2,500,000 Mongolian tugriks (MNT) to purchase more coal.

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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD