Tuvshinjargal is 42-years-old and lives with her daughter and husband in a ger, a Mongolian yurt, in the Suhbaatar province of Mongolia. Her husband works as a clerk at the mining company. Her daughter works as a waitress at the local restaurant.
She started her business in 1995 by selling clothes at the Denj market. She increased her turnover capital successfully and now she has clothes worth over 3,5 million MNT. She has many years of work and business experience. In the future, she plans to expand her business activity by renting another commercial space at the other market. She is a diligent and hard working woman who says, "I want to expand my business and open new branch." She is requesting a 1,500,000 MNT loan to buy more clothes and increase her turnover capital.
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.