Enhtuya is 20 years old and lives with her mother in a ger, a Mongolian traditional nomadic housing tent, in Govi-Altai province, Mongolia. Her mother is in her retirement with monthly earning of 123,000 MNT.
Enhtuya operates a grocery trading business out of a rented stall in a grocery store. She started her business in January 2010 with working capital of 700,000 MNT. Even in that short period of time, she has managed to establish her business. Now her working capital exceeds 1,700,000 MNT.
She is planning to rent one more stall starting in July 2011. She is a diligent and open-minded lady who possesses lots of good personality. She says, "I want to buy an apartment in the future." She is requesting a 3,200,000 MNT loan to purchase more grocery items for her 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.