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Enkhtur

Update on Enkhtur

Enkhtur is a 29-year-old married father of two. He lives with his family in the outer ger district, which lacks the basic infrastructure of the city (Ulaanbaatar, Mongolia). He started his cell phone repair business in 2009.

Besides cell phone repair, he sells cell phone cases and other accessories. He is requesting a 2,000,000 Mongolian Tugriks (MNT) loan to purchase tools and other cell phone repair tools to sell and to enlarge his current rental stall.

Previous Loan Details

Enkhtur is a 28-year-old married guy, father of two children, who lives with his family in the outer ger district, which lacks the basic infrastructure of the city, Ulaanbaatar, Mongolia. He started his cell phone repair business in 2009. Besides cell phone repair he sells cell phone cases and ... More from Enkhtur's previous loan »

Additional Information

About Transcapital

Transcapital is one of the leading non-bank financial institutions (NBFI) in Mongolia. Through 12 branches, it serves mainly urban and semi-urban microfinance clients, including a growing number of migrants in the capital city of Ulaanbaatar. Of its clients, almost 68% are women and 60% live in ger districts, settlements made up of houses and traditional Mongolian felt tents that lack basic infrastructure.

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
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Enkhtur to purchase cell phone repair tools and expand his current rental stall.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 30, 2012
Listed
Nov 13, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 29, 2013