Update on JargalsaihanJargalsaihan is 49 years old and lives with his wife and a daughter in a ger, a Mongolian yurt, in the Uvurhangai province of Mongolia. His wife Enhee produces handmade embroidery and sells at a local market in her friends' booths. His older daughter and son live in Ulaanbaatar city and work at local companies. His youngest daughter is a university student.
He started his own wooden furniture production business in 2008 right after his family moved in to the province center. He has received an order of several pieces of wooden furniture and doors from the countryside and needs extra supplies. He is now requesting a loan of 1,000,000 MNT to purchase a large amount of planks and other supplies to meet the order on time. Jargalsaihan is very experienced in wooden furniture production, and his customers appreciate him as a reliable and punctual man.
Previous Loan DetailsJargalsaihan is 48 years old and lives with his wife and his two daughters in a ger, a Mongolian yurt, in the Uvurhangai province of Mongolia. His wife helps out with his job. His older daughter lives separately. One of his other two children is a college student. He started his own wooden fu... More from Jargalsaihan's previous loan »
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.
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This loan has been fully funded!