Enhzaya G. is 30 years old and lives with her husband and two-year-old child in Zavhan Province, Mongolia. She and her family live together in their own house and fenced area. Her daughter is in a local kindergarten and her husband helps her with the business. Enhzaya operates a used clothing retail business in her town. She started her business in 2000 selling a variety of secondhand products in Ulaanbaatar, a capital city of Mongolia. She moved to her current town in 2010 and continued to operate her used product trading business. After many years of successful operation, she has gained a lot of experience as a businesswoman. Enhzaya is a hardworking and honest woman who fights to build a decent life for her family. She is requesting a 2,500,000 MNT loan to purchase more used goods in order to increase her working capital.
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.