Enhtungalag is 30 years old and lives with her husband in a house in Tuv province in Mongolia. Her husband works as an officer in a government organization. She manages a grocery store business in her town.
Enhtungalag started her business in 2004 and has gained much experience. Now she sells all kinds of fruits, meal appetizers, vegetables, etc. Over many years of business operation, she has been able to stabilize her business and build a strong customer base. Her recent business sales have been extremely high. She has managed to buy a car for her family's use.
Enhtungalag is polite woman who says, "I am planning to have my own store in the future." She is requesting a 2,500,000 MNT loan to purchase fruits and vegetables 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.