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Enhtsolmon, 29 years old, lives with his wife and daughter in a ger (Mongolian yurt) in Zavhan Province, Mongolia. His wife is employed and his daughter is a kindergarden student.

Enhtsolmon, who started his carpentry business in 2007, now has many customers but can't meet their needs due to a lack of equipment and tools. A sharp and hardworking man, he is requesting a loan of 500,000 MNT to buy tools and equipment.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,315.0
    Mongolia Tugriks (MNT) = $1 USD