Enhnaran is 47-years-old and lives with her husband and two kids in a ger (Mongolian yurt) in eastern Mongolia. Her husband is a teacher and heir two kids are school students.
She started her grocery retailing business in 1999 by renting a counter in the market. Over the years she has gained the trust of her suppliers. Therefore, she buys her products fairly cheap price. She uses that advantage to supply other counters. Since her income is the main income in the family, she uses every opportunity to grow. She is lacking 1,200,000 MNT to run her business efficiently.
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.