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Jargalsaihan is 47 years old and lives with his wife and three kids in Ger. They live in a Mongolian yurt in Uvurhangai, a province of Mongolia. His wife helps her out with his job, his elder two kids live individually, and the younger one goes to school. He started his furniture making business in 2008. He makes his products by hand. Due to the severe cold winter, he lost his all livestock. He is a hard working and diligent man who says, "Now that all of my livestock is gone, I will concentrate on my furniture business." He is requesting 1,000,000 MNT to purchase more wood.

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 $800 helped Jargalsaihan to purchase more wood to make furniture.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 10, 2011
Oct 28, 2011
Currency Exchange Loss:
Sep 15, 2012