Enhtuya is 52 years old and lives with her two children and daughter-in-law in a ger (Mongolian yurt) in Darhan-uul province, Mongolia. Her eldest child is employed and the younger one is a college student.
She started her bakery retailing business in 1999 by renting a counter in the market. Over the years she has gained many regular customers. Now that her daughter is in college, she has to increase her income by renting another counter.
She is a sharp and hardworking woman who says" It has been hard since my husband passed away. However, I have no time to feel sorry for myself". She is requesting 1,000,000 MNT to buy additional supplies.
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.