Enhtuya manages a meat and dairy product trading business with the help of her husband, a business she started in 1990. At that time her working capital was 150,000 MNT, and she sold only meat. In 2003 she began selling dairy products to supplement her earnings. She managed to improve her business and bought one more stall to increase her sales channels. She travels to the countryside of Mongolia to purchase animals for her business.
A friendly woman who says, "I want to buy a house for my younger son," Enhtuya is requesting a 2,500,000 MNT loan to purchase a large amount of meat for her business.
About XacBankThis 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.
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