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Mr. Enhbold is 41 years old and lives with his wife and two children in a small house in the Baganuur district of Ulaanbaatar, Mongolia. His wife Purevdulam, 38, works as saleswoman in the local market, while his son Purevnyam, 19, is a sophomore student at university, and his daughter Namuuntsetseg goes to a local primary school.

Neat, hardworking and welcoming, Enhbold has been operating a bicycle repair and sales business since 2001, importing bicycles and spare parts from Erlian, China. He is requesting a 4'000'000MNT loan to pay for his son's university tuition and living expenses.

Additional Information

More information about this loan

This loan is part of XacBank's education program, designed to finance school tuition for students whose families have low incomes or work in informal sectors of the economy. Funds can be used for partial or complete payment of expenses related to secondary and higher education.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,875 helped Enhbold to pay for his son's university tuition and living expenses.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Nov 16, 2012
Dec 16, 2012
Currency Exchange Loss:
Jan 17, 2014