Enhbat is 29 years old and lives with his wife and two children in a ger (a Mongolian yurt) in Dundgovi province, Mongolia. His wife is employed and their two children are kindergarten students. He started his bakery business in 2006.
Enhbat is a certified professional baker who is well-known across the neighborhood. His products' taste and quality are excellent for a small bakery. However, his products lack packaging, therefore, he is requesting a 2,200,000 MNT loan to buy packaging equipment and tags. He is a hard-working young man who says, "I'm losing a lot of customers due to not packaging the products. I believe my sales would increase drastically if I could package my products".
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.