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Otgon
Otgon is 39 years old and lives with her mother, husband, and two daughters in Ulaanbaatar, the capital city of Mongolia. Her family lives in a small house in the outer district of the city. Her older daughter attends primary school. Her younger daughter is 3 years old and stays at home with Otgon's mother.

She started a retail clothing business in 1996, selling handmade custom jackets. Since 2000, she has been selling clothing imported from China, as well as her handmade clothes. Her business is located in a rented stall in Narantuul, the largest outdoor market in Mongolia. Since she started her business, she has expanded so that she is now operating two stalls at the market, also selling underclothing, hats, etc. Otgon is now running her business with 5,700,000 MNT (Mongolian Tugriks) of working capital and planning to expand her business by establishing her own tailoring boutique.

She is requesting a 1,500,000 MNT loan to purchase more clothes for the fall/autumn season. She is an accomplished entrepreneur who is very thankful to all Kiva lenders for giving her an opportunity to expand her business.

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
  • $15,310,900
    Funds lent in using Kiva
  • 1,232.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Otgon to purchase more clothes for the fall/autumn season.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2011
Listed
Aug 13, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012