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Enhbat
Enhbat is 29 years old and lives with his wife and two children in a ger (a Mongolian yurt) in Dundgovi province, Mongolia. His wife is employed and their two children are kindergarten students. He started his bakery business in 2006.

Enhbat is a certified professional baker who is well-known across the neighborhood. His products' taste and quality are excellent for a small bakery. However, his products lack packaging, therefore, he is requesting a 2,200,000 MNT loan to buy packaging equipment and tags. He is a hard-working young man who says, "I'm losing a lot of customers due to not packaging the products. I believe my sales would increase drastically if I could package my products".

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
  • 1
    View loans »
    Mongolia Loans Fundraising
  • $15,353,325
    Funds lent in using Kiva
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Enhbat to buy packaging equipment and tags.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2012
Listed
May 10, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013