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Enhbayar is 39 years old and lives with his wife and four children in a ger (Mongolian yurt) in Ulaanbaatar City, Mongolia. His wife is unemployed and takes care of their elder disabled son and another two children are in school and kindergarden.

He started his tire repairing business in 2009. His service location is fairly good and his service is automated. Therefore, its fairly fast. In order to expand his business, he needs a tow car to pick up his customers. He is a sharp and hardworking man who says,"Currently, my income is not enough to support my family. If I could purchase a tow car, I could finally be able to support my family." He is requesting 3,440,000 MNT to purchase a new tow car.

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
  • $15,444,050
    Funds lent in using Kiva
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,650 helped Enhbayar to purchase a new tow car.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
May 2, 2012
May 10, 2012
Currency Exchange Loss:
Dec 17, 2013