Enhjargal is 44 years old and lives with her husband and two children in a ger (a Mongolian yurt) in Govi-Altay, Mongolia. Her husband helps with her business. Her elder child is a college student, and the younger one is a student.
Enhjargal started her grocery retailing business in 1998 by renting a counter. She is requesting 2,000,000 MNT to buy supplies. She needs more supplies because she recently bought another counter. She wants to purchase supplies to save for the long winter before prices get too high. Enhjargal is a sharp and hardworking woman who says,"I need to do everything I can to pay my daughter's college fees."
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.