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Enhtur

Update on Enhtur

Enhtur is a 35-year-old man who lives with his wife and two children in the Uvurhangai province in Central Mongolia. His wife works as a shop assistant and his children study at the local secondary school. Since 2006, Enhtur has been running a tire repair service and he provides reliable good service to his customers who appreciate his work. Enhtur is a hardworking and honest man who says "I would like to expand the business activity by buying the wheels in large quantities so that I could raise the income and improve the household."

Enhtur is requesting a 800,000 MNT loan to purchase wheels. In the future, he plans to expand his business and service center.

Previous Loan Details

Enhtur T. is 33 years old and lives with his wife and two daughters in the Uvurhangai province of Mongolia. He and his family live together in a ger, a traditional Mongolian nomadic tent. His two children attend a local high school. Enhtur operates a car tire repair service and a tire sales b... More from Enhtur's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,310.0
    Mongolia Tugriks (MNT) = $1 USD