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Mungunzul, 31, is married and lives with her husband and daughter, aged 9, in Ulaanbaatar, the capital city of Mongolia. The family lives in a 'ger', a traditional Mongolian felt tent, in the backyard of her husband’s workplace. Her daughter goes to primary school.

Mungunzul helps support her family by operating a retail stall at “Undram” center. When she first began her business in 2010, she had 1,000,000 Mongolian Tugriks (MNT) in working capital but she has since expanded it to 1,800,000 MNT in working capital and she sells bags, wallets and remembrances. She purchases her products from Ereen, a border city in China. She is applying for a loan of 600,000 MNT to buy more bags, wallets, presents and remembrances to sell to her customers before “Mothers and children holiday”.

Her main goal is expand her business and then to be able to buy her own small house and yard.

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
  • 1,224.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Mungunzul to purchase more bags, wallets and presents before "Mother and Children holiday".
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
May 19, 2011
May 23, 2011
Currency Exchange Loss:
Dec 15, 2011