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Tsendsuren
Tsendsuren is a 29-year-old, young Mongolian lady who lives with her fiancé, younger brother and mother on her sister’s plot of land which is located in an outer ger district (district without basic infrastructure) of the capital Ulaanbaatar city.

Tsendsuren got a specialized bachelor degree in Accounting in 2007 and has worked at local companies for two years. Regardless of her profession, since 2009, she has been operating a clothing business at a small stall in an indoor market. Tsendsuren usually imports her products from Ereen, a border city of China. Her younger brother works in the local province.

She is requesting a 1,500,000 MNT loan from Kiva lenders to import more fall-designed clothes in order to increase her working capital and raise income. She is a repeat client of our NBFI and she wishes to have her own clothing store 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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,237.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Tsendsuren to import more clothes for the upcoming season.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 18, 2011
Listed
Sep 5, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012