Nasanjargal is 29 years old and lives with her husband and two children in their own house in Zavhan province in Mongolia. Her husband is an officer in a private company in Ulaanbaatar, the capital city of Mongolia. Her daughter, age 7, goes to a secondary school, while her son, age 4, goes to a kindergarten.
She manages a dairy farm in her town. At first she started her business under the 2010 project to develop and improve farm businesses in the countryside area. With continuous hard work she managed to own her dairy farm. Now she wants to expand her farm business and supply more dairy products to local residents as well as the neighboring area.
Nasanjargal is a diligent and honest lady who says, "I am working day and night to improve my family’s living conditions." She is requesting a 3,100,000 MNT loan to purchase more cows and equipment for her farm.
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.