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Enhjil
Enhjil is 29 years old and lives with his wife and daughter in ger (Mongolian yurt) in Baganuur province, Mongolia. His wife runs a small grocery shop and his daughter goes to kindergarten. He started his internet cafe and pc repairing business in 2010 by renting a space in building. His business is highly profitable however his computer's condition is poor; therefore, he needs to upgrade his computers in order to be more competitive. He is a sharp and hardworking man who says " While I am young, I need to stable my business." He is requesting 1,500,000 MNT to purchase computer equipment to upgrade his computers.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Enhjil to purchase computer equipment to upgrade his computers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2011
Listed
Nov 25, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012