A loan of $675 helped buy more clothes to increase business inventory.


Jargalsayhan's story

Jargalsayhan A. is a married woman who has five children. Her two eldest children are university students. The three younger children attend elementary school. Her family lives in Uvurhangay province. Uvurhangai is a southern province, located 400 km from the capital city, Ulaanbaatar.


Together with her husband, she has been running a clothing business at the local market in a stall owned by her family since 2003. Their stall is located outside of the local market that runs year-round. She is the sole breadwinner of her entire family. Thanks to her cheerful, open and friendly personality, she has many repeat customers.


Jargalsayhan has been a XacBank customer (XacBank is a Kiva's partner microfinance institution in Mongolia) for the past 4 years. This is her fifth loan with the bank, and she has a perfect credit history with no overdue payments. The loans she takes help her to expand her clothing business, thereby increasing her income. With this loan, Jargalsayhan plans to invest in more clothes to increase her business inventory.



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Loan details