Enhjargal started her meat retailing business in early 2011 by renting a counter in a newly opened market. Her business was slow for several months. However, now that people know the market, her customers have increased so much that she can't meet their demand. She is requesting a loan of 1,000,000 MNT to buy livestock. Enhjargal is a sharp and hardworking woman who says, "Now that my kids are growing, they need my support more than anything so I will work as hard as I can."
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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