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Jargal
Mrs. Jargal is 40 years old and lives with her husband and two children in a small house in Selenge province of Mongolia. Her husband, Olziisaihan, is 40 years old. He is currently unemployed and works part-time here and there. Her daughter, Onorzul, is 21 and studies at university, and her son, Onobold, is 16 and a senior student at a local secondary school.

Jargal has been providing a tailoring service business in town for the last seven years in a rental place. She is well-known for her qualified and friendly service. She is now requesting a loan of 1,000,000 MNT (Mongolian Tughrik) to purchase a motor for her sewing machine and inventory to provide her tailoring services.

She is a hardworking, talented and friendly woman.

Additional Information

About XacBank

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.

About Mongolia

  • $5,900
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,366,300
    Funds lent in using Kiva
  • 1,702.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Jargal to purchase a motor for her sewing machine and inventory to provide her tailoring services.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2013
Listed
Sep 20, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 24, 2013