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Amgalan
Amgalan, age 47, lives with her husband and 6-year-old granddaughter in a ‘ger’ (Mongolian traditional felt tent) in a suburb of Ulaanbaatar, the capital city of Mongolia. Her husband, Altangadas, helps her to run the business and her granddaughter attends local primary school.

Amgalan is a professional shoemaker. She was retrained in a shoe-making specialty in the Czech Republic, from 1985 to 1986. She was working on her career until 2000 and later she started to run her own business at Narantuul, the largest outdoor market of Mongolia. Amgalan manufactures curtains, felt covers (for Mongolian ger) and kids’ shoes at home and sells them at Narantuul. The business profitability is relatively high during the spring and summer seasons. Today, she has working capital of 3,000,000 MNT (Mongolian Tugriks) and hopes to increase it in the future.

She is requesting a loan of 1,000,000 MNT to purchase more materials to make curtains and felt covers. By doing so, she can increase the number of products to she has available to sell which will later help to develop the business. Her aim is to have her own large capacity workshop where she can manufacture more products.

Additional Information

About Transcapital

Transcapital is one of the leading non-bank financial institutions (NBFI) in Mongolia. Through 12 branches, it serves mainly urban and semi-urban microfinance clients, including a growing number of migrants in the capital city of Ulaanbaatar. Of its clients, almost 68% are women and 60% live in ger districts, settlements made up of houses and traditional Mongolian felt tents that lack basic infrastructure.

About Mongolia

  • $5,900
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,216.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Amgalan to purchase more materials to make curtains and felt covers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2011
Listed
Mar 21, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012