Enhsaihan S. lives with her son and mother in the Chingeltei district of Ulaanbaatar, the largest city and capital of Mongolia. She and her family live together in an one-room apartment in the city. Her son currently attends a district primary school and her mother helps her out with her clothing-sales business.
Enhsaihan manages a clothing and consumer goods trading business out of a stall at a local market. She sells a variety of clothing items, such as women's clothing and lingerie. After graduating university with a major in market research, Enhsaihan started her own business selling consumer goods in 2004.
After several years of stable earnings, she used her savings to expand her business and began renting another stall at Mars, the biggest market in her town and where she currently manages her operation. Her working capital has now reached to 5,000,000 Mongolian tugriks (MNT) and daily revenue is approximately 60,000-70,000 MNT.
Enhsaihan is a very hardworking and decent person. She is very focused on making her business successful as it is the only source of income for her family. She says, "My only wish is provide for my son's education and help him to be a better person."
She is requesting a 1,000,000 MNT loan to purchase different clothes so she can expand her product line.
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.