Mr. Nasanjargal is a married borrower from the Uvs province of Mongolia. He lives with his wife and his children in his own fenced-in land. His wife works with him and they drive around the province to sell their clothing. His oldest son is running his own business and 2 other children are studying in Ulaanbaatar city.
Nasanjargal is running a clothing business with his wife. They drive around to places and different cities and provinces to sell their clothing. They import their clothing or products from Erlian, China. They run their business at any season of the year.
He is requesting 1,000,000 MNT to import summer clothing from Erlian, China to provide affordable clothing to local residents.
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.