Tuvshinjargal is 39 years old and she lives with her two daughters in a house in Songino-hairhan district, Ulaanbaatar city of Mongolia. Her older daughter, 18, goes to a secondary school while younger one is in kindergarten.
Tuvshinjargal manages a household good trading business at a rented stall at Harhorin market, second biggest market in Ulaanbaatar city. She started her business in 2002. She sells variety of blankets, sheets, quilts and sleeping bag etc. She has gained much experience and is planning to continue her business in the future. She is an honest women who says, "I am doing my best to feed my children and to pay their education cost." She is requesting a 3,000,000 MNT loan to purchase more goods for her business sales.
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.