Tuvshinjargal is 44 years old and lives with her three kids and her father in an apartment in the Baganuur district of Ulaanbaatar, a capital city of Mongolia.
Her father is a retired older man who stays at home. Her husband died in a factory accident and her oldest two kids are in college and younger one is in school.
She has worked as a pharmacist since 2002. She became a pharmacy owner in 2011. Now she needs more assets in order to run a pharmacy business well.
Tuvshinjargal is a strong and diligent woman who says, "Even though it was hard to raise three kids all by my own, I never stepped back and I never will."
She is requesting a 3,000,000 MNT loan to buy more medicine to increase her working 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.