Mrs. Enhtuya is 31 years old and lives with her husband and two sons in their small house in Arkhangai province, Mongolia. Her husband Erdenesuh runs their family business, a butcher shop at a rental counter in a local market. Her two sons attend local schools.
Enhtuya and her husband started their butcher shop business more than a decade ago. They have built close relationships with suppliers and customers over the years. They are hardworking and diligent people who want to raise their children to be well-educated and well-behaved people in their future.
Enhtuya is now requesting loan of 3,000,000MNT to purchase large amounts of meat products from countryside herders to sell to local customers, and make a small margin of profit.
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.