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Enhtuvshin
Mr. Enhtuvshin is 28 years old and lives with his wife and 3 children in their Ger, a traditional nomadic yurt house, in Zavhan province, Mongolia. His wife Uranchimeg is currently unemployed, staying at home taking care of their 3 children who are under age 3.

Enhtuvshin started his business about 3 years ago and has been learning a lot from his past business operations. He is well-known among clients for his quality products and services. He is a hardworking, caring and talented man who is now requesting a loan of 2,500,000 MNT to purchase additional tools, equipment and spare parts to increase his efficiency and productivity.

He needs to work even harder to increase his income to cover family expenses, especially since his wife is not working, but caring for their 3 children who are under the age of 3.

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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,650.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,525 helped Enhtuvshin to purchase additional tools and equipment spare parts to increase his efficiency and productivity.
56% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 10, 2013
Listed
Dec 20, 2013
Currency Exchange Loss:
Possible