Update on JargalsaihanJargalsaihan is a 37-year-old widow who lives with her daughter in an apartment in the Selenge province of Mongolia. Her daughter moved in recently but she works at local company and takes care of herself.
Jargalsaihan has been working as tailor for years and started her own business of a tailoring service at home in 1995 in a rental workplace. Her workplace is not connected to the central heating grid and she is now requesting 600,000 MNT to purchase lower electricity consuming heating equipment at her workplace in order to avoid burning coal or other fuel which contributes to air pollution. She is a hardworking, well-behaved, and strong woman.
Previous Loan DetailsMrs. Jargalsaihan is a 37-year-old widow who lives alone in an apartment in Selenge province of Mongolia. Her daughter has gotten married and lives separately with her family. Mrs. Jargalsaihan has been working as tailor for years and started her own business of a tailoring service at home in 199... More from Jargalsaihan's previous loan »
More information about this loan
This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.
About XacBankThis 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.
Concurrent and Successive Loans
3View loans »
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Sep 30, 2013
- Nov 2, 2013
- Currency Exchange Loss:
- Oct 28, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.