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Narangerel is 37 and widowed with two daughters. She lives with her family in Ulaanbaatar, the capital city of Mongolia. They live in a ger, a Mongolian nomadic housing tent. Narangerel’s oldest daughter attends a local secondary school and her youngest daughter is a year old. On days that she works, Narangerel leaves her youngest child at her partner’s home. She is responsible for taking care of her daughters.

In 1992, Narangerel began operating a hair salon in Bulgan province. In 2007, she moved to Ulaanbaatar and began operating a hair salon in the center of the city. Narangerel is an experienced hairdresser who has been operating a hair salon for more than 12 years. She is popular in her area and has many regular customers.

Narangerel is a responsible and honest person who cares about her children’s future. She is requesting a loan of 1,000,000 MNT to pay three months rent at her hair salon which will enable her to secure her workplace.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,210.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Narangerel to pay three months rent for her hair salon.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 19, 2011
May 23, 2011
Currency Exchange Loss:
May 15, 2012