Enhzaya, 42, lives with her husband and two children in Selenge province in Northern Mongolia. Her children go to the college and kindergarten. She started a garment retail business in 2002. Now the business activities are stable. Besides selling garments, she is planning to sell beauty supplies. She has established a number of regular customers. Enhzaya is a responsible and diligent woman who says, "I would like to increase the volume of my business. I need some support to increase the type of products." She is requesting 3,000,000 MNT to buy beauty 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.