Mrs. Amarjargal is a 37-year-old widow who lives with her mother, brother and 2 children in a Ger (Mongolian tent) in the Bayanhongor province of Mongolia. Her mother is retired and stays home, and requires constant care. Her brother works at a local mining company and her 2 children both attend a local school.
Amarjargal has been working in various types of businesses and started providing taxi service in 2012. She is now planning to build a small wooden house on her plot of land to open a grocery store and take care of her mother while she runs her business at home.
She is now requesting 400,000 MNT to purchase medicines and other supplements for her mother. She is a hardworking, caring and open-minded woman.
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.