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Enhbayar
Enhbayar is 44 years old and lives with her husband and four children in a ger in Hovd province of Mongolia. Her husband Narangerel runs a small butcher shop in a local market. Her child, Budjav, age 18, is a university student and Tsolmon, age 15, Badamhand, age 13, and Uranzaya, age 6, study at local schools. She has been running a butcher shop with her husband since 2000. She has been covering her family expenses from her business profits and her son has just enrolled in a university this year. Soon they will have two more university students and need to save more for their further education. She is now requesting 2,500,000 MNT to pay her son's university tuition fee. She is a hardworking, communicative and honest woman.

Picture: Borrower is in the storage pit and posing in front of livestock pelts which she also sells to animal pelt retailers

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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,384.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,825 helped Enhbayar to pay her son's university tuition fee.
92% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2013
Listed
Mar 2, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 25, 2013