Enebish is a 41 year-old man who lives with his wife and 3 children in Zuunmod, a city of Tuv province, Mongolia. His wife is unemployed and 3 kids are at secondary schools. He has been making iron products since 2008. He previously had a shop which sold electronic products. After he had trained in a course, he started the business. He has been making low pressure ovens. He makes all the details of the oven on his own and trades them. Now he needs to buy the supplies and build his workplace. Enebish is a talented person who is skilled in iron production and says that "I would like to bring the supplies in large quantities from the capital city". The total amount he is requesting is 1,400,000 MNT to purchase the iron from Ulaanbaatar.
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.