Enhtuya is 49 years old and lives with her husband and three children in Tuv province, Mongolia. She and her family live in a Mongolian traditional nomadic tent called “ger”. Her oldest son and daughter, 21 and 22, attend university while the youngest is in secondary school. Her husband is a driver who operates a taxi service. She operates a hair salon with the help of her three friends in her town. She has been a hairdresser since 1979 and worked at a private hair saloon until opening her own business. She started her business in 2006 and since then has stabilized her business operation over the years. Her hair saloon is well known amongst residents of Tuv province. She attributes her business success to the good location of her hair salon. With her business earnings she started constructing a house in her yard. She is open-minded and a hardworking business woman who has lots of plans for the future. She says, “All I want is to have my children to be educated and have nice life.” She is requesting a 1,900,000 tugrugs (~1340 USD) loan to pay her two children's tuition fees and to buy tools and equipment needed in her hair salon 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.