Enhtsetseg L. is a widow with three daughters in ages ranging from 13 to 18. She currently lives in Arhangai province with her three daughters and her younger brother. Enhtsetseg has a small retail business in various products including clothes and food products. She has been in the retail business since 2004 and her business has been her sole source of income to feed her family. She rents two stalls at the local market and retails cheap women and men's clothes imported from China as well as dairy products including cheese, milk, butter, and meat including mutton and beef. She mostly purchases these animal products from local herders at wholesale prices and retails them at the local market for profit. She keeps herself busy with selling two different kinds of products everyday and she says that she is working hard to support her family alone.
Enhtsetseg requests a loan to purchase more clothes and dairy products for her retail business.
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.