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Mr. Enhbaatar is 28 years old and lives with his wife and son in Ger in the Hentii province of Mongolia. His wife Enhtuya, 24, works as an accountant at a private company. His son Uuganbayar, 3, goes to a local kindergarten. Mr. Enhbaatar has been driving a truck and working at a local private coal mining company since 2010. He has temporarily stopped his business because his truck needs to be fixed and some of the parts need to be replaced. He is now requesting 1,850,000 MNT to purchase wheels and to get his car fixed in order to run his transportation business smoothly and without problems. He is a hardworking, well-behaved and responsible person.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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
  • $15,364,275
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,325 helped Enhbaatar to purchase wheels and get his car fixed in order to run his transportation business smoothly and without problems.
93% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 16, 2012
Dec 16, 2012
Currency Exchange Loss:
Jun 17, 2014