Mr. Enhtur is a 51-year-old man who lives with his wife and 5 children in a ger (a Mongolian nomadic tent) in the Zavhan province of Mongolia. His wife Shagja is 52 years old. She works for a private company, earning a salary of 150,000 MNT. His oldest son Enhbaatar is 28 years old and married. His two daughters Dawaasuren and Nyamsuren, aged 21 and 18, are college students. His younger sons Enhbat and Enhbayar, aged 9 and 5, are secondary school students.
Enhtur started his business in 2009. He and his brother have been making only walls for gers. In 2011 he started to make furniture for houses and apartments.
Enhtur is a hardworking and quiet-natured man. He needs 1,200,000 MNT to purchase equipment and raw materials for his business.
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.