Enhdolgor N. is a 36-year-old single mother who lives with her son in Harhorin, Uvurhangai, Mongolia. They live in their own house with a fence. Her son is a 17-year-old student in a university.
Enhdolgor began her cosmetics and accessories sales business in 2006 in the local market in a rented stall and has since built a stable and successful operation. She has been importing her goods from Ulaanbaatar, a capital of Mongolia.
Enhdolgor says, "I want to start saving money for my son's future education."
She is requesting a 2,800,000 Mongolian tugriks loan to import more cosmetics items from Erlian, a border city of China.
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.