Tugsjargal is 46 years old and lives with her son, daughter-in-law and grandson in a ger (Mongolian yurt) in her sister's yard in Ulaanbaatar city of Mongolia. Her son is doing one year of military duty and her daughter-in-law takes care of her newborn child.
Tugsjargal started her grocery shop business in 2008. She sells groceries and frozen meat. She is very well known for her polite service. She wishes to expand her business. She is a workful and diligent woman who says, "I love what I do, but it has been a little tough due to my son's military duty and I hope I can support his family while he is gone." She is requesting a 2,500,000 tugrik loan to purchase more products such as meat and vegetables.
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.