Enhbaigalmaa is 47 years old and lives with her husband and three children in a ger, a traditional Mongolian nomadic tent, in the Arhangai province of Mongolia. Her husband, age 46, works as a guard for a private company. Her oldest son and daughter go to college while the youngest helps with the family business. Enhbaigalmaa operates a clothing sewing business in her town. She started her business in a rented booth in 2007, with working capital of 80,000 MNT. Now her working capital exceeds 400,000 MNT. She is planning to expand her business in the future. She is a hardworking and open-minded person who says, " I want to own my working place in the future." She is requesting a 800,000 MNT loan to purchase fabric and materials for her 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.