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Bayarsaikhan
Bayarsaikhan, age 41, lives with her family in Ulaanbaatar, the capital of Mongolia. She operates a clothing retail stall at a local market and has made great progress in one year and half.

She has fifteen years of experience in the clothing retail business as she used to operate a retail stall at the largest outdoor market of Mongolia, Narantuul until 2007. Bayarsaikhan started her current business after working in Korea for three years. She usually sells clothes imported from Beijing or Ereen, a border city in China.

She has children aged 18 and 13 who attend local schools and a 22-year-old son who works as a machinist at a local company. Her husband operates a small business in the town as well.

Bayarsaikhan is requesting a 1,300,000 MNT (Mongolian Tugriks) loan to purchase more clothes for the upcoming season. She is a responsible and very neat person who intent on improving her family’s living standards and helping her children to become highly educated people in the future.

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
  • $15,366,300
    Funds lent in using Kiva
  • 1,232.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Bayarsaikhan to purchase more clothes for the upcoming season.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2011
Listed
Aug 15, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011