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Altantsetseg
Altantsetseg is a 42-year-old widow who lives with her daughter, aged 5, in Ulaanbaatar, the capital city of Mongolia. Her daughter attends kindergarten. Altantsetseg supports her family by operating a clothing retail stall at Narantuul, the largest outdoor market in Mongolia. She is a professional expert on merchandise. She worked as expert on merchandise from 1993 to 1996.

When she first began her business, she had 1,000,000 Mongolian Tugriks (MNT) in working capital. Now she has 3,000,000 MNT in working capital. She sells jeans and trousers from Ereen, a border city of China. She is requesting a loan of 1,000,000 MNT to increase her jeans and trousers variety.

Her goal is to expand her business and then to be able to improve her daughter’s education.

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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,214.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Altantsetseg to increase her product variety.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 7, 2011
Listed
Apr 21, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011