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Jargalsaihan D. is 34 years old and lives with his wife and four children in the Hovd province of western Mongolia. He and his family live together in their own house and fence. His three children attend a local secondary school and his wife works as an assistant in the local dentist office. Jargalsaihan operates a meat and raw material trading business in his town. He started his own business in 2008 after working under raw materials traders for two years. He usually purchases his raw materials from a neighbor city, which makes his transportation costs high. Therefore, he plans to buy a new mini truck for his business in the future. Jargalsaihan is a hardworking, modest and optimistic person. He is requesting a 1,000,000 MNT loan in order to buy more livestock skins and wool as well as meats from herders for his meat and raw material trading 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
  • 1,225.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Jargalsaihan to buy more livestock skins and meat from herders.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 17, 2010
Dec 21, 2010
Currency Exchange Loss:
Jan 18, 2012