Tegshjargal, 30, is married and lives with her husband, a two-year-old son and her parents-in-law in the SuhB. district of UlaanB., the capital of Mongolia. Her husband works for a company as a supervisor where he is paid 500,000 MNT per month. She graduated as a teacher and translator and worked for a company as a marketing manager. In 2010, she began selling plumbing supplies. Now her business has become more stable. Tegshjargal is a hardworking person who says, "I am trying to expand my business and hope to get a mortgage for an apartment". She is requesting a loan of 2,000,000 MNT to purchase more inventory for her business before the peak season.
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.