Jargalsaihan sells fruit at retail from a rented mobile stall in the local market. She started her business in 2002 and has gained much experience since then. She halted business for three months after having a baby in 2009, but today her business carries on as a stable operation.
Jargalsaihan is requesting a 3,000,000 MNT loan in order to purchase more fruit for her fruit business and necessary wood and supplies for her husband's carpentry business.
About XacBankThis 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.
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