Ariun-Enh M. is 33 years old and lives with his wife and two children in the Uvurhangai province in central Mongolia. They live together in a "ger," a traditional Mongolian nomadic tent. His oldest son attends a local secondary school while his youngest daughter is in kindergarten. His wife works as a seamstress in her home to supplement her family's income.
Ariun-Enh operates a gold and silver crafts business in his town. He has much skill as a craftsman and designs and produces a variety of jewelry and accessories. He had been working for the Mungun Goyol company in Ulaanbaatar, Mongolia's capital city, for several years as a craftsman. He started his own business in a rented stall at local market in 2008 after moving from Ulaanbaatar. Since then, he has moved to his home, where he makes his products by customer order. He usually makes silver cups, religious items, belts and saddles. All his products are known as high-quality with long durability and therefore, attract many customers. He is a very accurate and hardworking man.
He is requesting a 2,000,000 Mongolian tugriks loan to purchase more gold and silver for his jewelry-making 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.