Tuvshinjargal is 28 years old and lives with her husband in a small house in Dundgovi province, Mongolia. Her husband runs the family business of selling clothing in a rental stall at the local market.
Tuvshinjargal has graduated from her university as an English language teacher and works at a local secondary school while helping her husband run their family business. She is a hardworking and intelligent woman who has good taste in clothes. She travels to purchase clothing inventory from China to sell at the rental stall of theirs. She is now requesting a loan of 3,500,000 MNT to purchase large quantity of summer clothes to sell in order to increase her sales and income.
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.