Enhtaivan is 30 years old and lives with his wife and two children in Uvurhangai province, Mongolia. He and his family live together in a ger, the traditional Mongolian nomadic tent. His oldest daughter, Purevdulam, is 7 years old and attends a local primary school. His 1-year-old daughter, Serjmyadag, attends a local kindergarten and has not reached school age yet. Currently Enhtaivan operates a souvenirs and religious articles trading business with his wife near the tourist spot “Frog Rock” in his province. The province he operates the business in is one of the largest tourist attractions in Mongolia. They started their business in 2006, and have been successfully operating it since then. Enhtaivan has been planning to expand and stabilize his business in the future. He has been working hard with his wife to provide a better life for their family. Enhtaivan is requesting a loan to purchase a variety of souvenirs and religious articles in Ereen, a Chinese border town to resell them for a profit.
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.