The setting is in France and Mine. Loisel is not the riches women there is. She was ungrateful and always wanted more. Her husband on the other hand is thoughtful and does what ever to make his wife happy.
Loisel was complaining she didn't have anything to wear to the ball.
(her husband) gave her all of his money to buy a nice dress and brought up the idea of borrowing a neckless
After the ball when she got home the neckless she borrowed was missing from around her neck. Her husband went outside and couldn't find it.
Their family took out a ton of loans so they can buy a 34 thousand francs that looked super similar. It took 10 years to payoff those debts.
The owner of the neckless admitted that the neckles was only about 500 francs after losiels 10 years of paying off those debts.