Enhtuya S. is 35 years old and lives with her husband and three children in the Hovd province in western Mongolia. Her oldest two children attend a local secondary school and her youngest stays at home. Her husband is a driver.
Enhtuya operates a small grocery shop near her house. She sells a variety of food products to the residents in her neighborhood. She started her business in 2000 and has built a stable operation. She has a shamanism heritage and says, "I received a(n) order from heavens in my dreams that I should help my nation and therefore, I try my best for my nation's happiness."
She is requesting a 2,500,000 Mongolian tugriks loan to enlarge her grocery shop.
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.