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Jargalsaihan L. is 37 years old and lives with her husband and two daughters in a house with a fence in Uvurhangai province, Mongolia. Her husband operates a taxi service as well as a carpentry business to support his family, while her older daughter attends the local high school. Jargalsaihan is a diligent, optimistic and hardworking woman.

Jargalsaihan sells fruit at retail from a rented mobile stall in the local market. She started her business in 2002 and has gained much experience since then. She halted business for three months after having a baby in 2009, but today her business carries on as a stable operation.

Jargalsaihan is requesting a 3,000,000 MNT loan in order to purchase more fruit for her fruit business and necessary wood and supplies for her husband's carpentry business.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,275.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,375 helped Jargalsaihan to buy more fruit and wood.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 27, 2010
Nov 3, 2010
Currency Exchange Loss:
Sep 15, 2012