Enhtsetseg is 34 years old and lives with her husband and two children in Tov Province, Mongolia.
Her husband operates a cell phone business at a counter in the Mobi Shop in Ulaanbaatar, the capital of Mongolia. Cell phone businesses face high demand in Mongolia. Enhtsetseg and her husband have been planning to expand their cell phone businessand their counter at the Mobi Shop, which is one of the biggest cell phone shops in Mongolia. They started their cell phone business in 2009.
Previously, Enhtsetseg had spent four years selling recycled raw materials with her husband at the center of the province. Enhtsetseg is a decent, very hardworking and honest person. If she says that she will do something, she always makes an effort and reaches her goal. She says, “I would like to have a bigger counter for our business."
She is requesting a 4,000,000 tugrug loan to purchase a large quantity of cell phones for her business at wholesales prices.
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.