Jagdalmaa is fifty-one years old and lives with her husband in Hovd province in Western Mongolia. Her husband works as a fireman in wintertime. Her daughter studies at the college in the capital city. She has been running a sewing business since 2002. During these ten years, she has developed regular customers and makes different sorts of clothes.
Her business is going really well and the service is appreciated by the customers. She is a motivated woman who says that "I would like to expand my business by getting sewing materials in large quantities so that I can improve my business and increase my family's income to pay my daughter's college tuition fees".
The total amount she is requesting is 2,000,000 MNT for the supplies.
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.