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Mr. Enhjargal is 27 years old and lives with his wife in a ger in Bayanhongor Province of Mongolia. His wife, Bolortuya, runs a clothing retail business in a local market. This borrower has been running a taxi service in town for the last five years and has built regular customers over the years.

Mr. Enhjargal is now requesting a loan of 2,500,000 tugriks to pay his sibling's university tuition fees and dormitory expenses in the capital city. He is a hardworking and communicative man who says, "I am planning to change my car to an eco-friendly car as soon as I have saved enough money for it."

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
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Enhjargal to pay his sibling's university tuition fees and dormitory expenses in the capital city.
100% repaid
Repayment Term
37 months (Additional Information)
Repayment Schedule
Jan 18, 2013
Feb 17, 2013
Currency Exchange Loss:
Jan 6, 2016