Enhtuya, 46, is married and lives with her husband, son and daughter in Ulaanbaatar, the capital of Mongolia. They live in a ger, a Mongolian nomadic housing tent, on a small plot of land on the outskirts of the city. Her daughter studies at a university while both her husband and son work.
Enhtuya began operating a drugstore in 2002. She rents a room in a private hospital for her pharmacy. She now has an official state certificate for her business which proves that her business is registered and is allowed to operate legally. She purchases medicine from large drug producers to sell in her drugstore. She employs a salesperson and a cleaning person.
Enhtuya is a hardworking and active person who says, "I am planning to enlarge my store and make some improvements, as the drugstores and pharmacies are being examined by the Government strictly". She is requesting a loan of 3,000,000 MNT to expand her product line and enlarge her drugstore.
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.