Enhtsetseg is 49 years old and lives with her son in her apartment in the city of Ulaanbaatar, Mongolia. Her son attends a high school. She started to sell suits at the Dejiin Myanga market back in 1996. In 2002 she moved her business to the Narantuul market. Her business income is the sole income source for her family. She also has collected much business experience. Her total capital turnover is 4,000,000 MNT and her daily income is between 100,000 MNT to 200,000 MNT.
Enhtsetseg is planning to expand her business activity. She is a diligent and hard-working woman who is requesting a 2,500,000 MNT loan to buy more suits and to increase her capital turnover.
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.