Amarjargal is 47 years old and lives with her two sons in her apartment in Baganur district of Ulaanbaatar, the capital city of Mongolia. Her husband died five years ago. Her elder son has just graduated from college and her younger son goes to college. She started her business in 2004 by renting a small workshop to run her tailoring business. She is certified and has got excellent skills. She is well-known for her skill in the neighborhood. She is a strong and diligent woman who says, "I have a vision to expand my business and increase my income." She is requesting 1,000,000 to buy sewing materials.
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.