Jargalsaihan O. is 32 years old and lives with her husband and two children in an apartment in Ulaanbaatar, the capital city of Mongolia. Her older son attend a local secondary school while the younger daughter goes to kindergarten.
Jargalsaihan used to work in a cafe from 2002 to 2010. She started to sell various kinds of household products especially those used in the kitchen in April, 2010. She has her own car which is used in their business. She is the kind of person who is hard-working and modest. She says, "Everything will be fine if you try hard."
Jargalsaihan is requesting a 2,000,000 MNT loan in order to purchase a variety of products at wholesale prices.
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.