Update on BatsaikhanBatsaikhan is 43 years old and lives with her spouse and daughter in their own ger, a traditional Mongolian felt tent, in the outer ger district /district without basic infrastructure/ of Ulaanbaatar city, Mongolia. Her daughter studies at the local university.
Batsaikhan has been operating a clothing retail business at the largest outdoor market in Mongolia since 2000. Expanding her business has led to increased profits which have enabled her to buy a small plot of land and a car and to start the work of building her house. Her spouse operates another small stall at the same market.
Batsaikhan is requesting a 2.000.000 MNT /Mongolian Tugriks/ loan to purchase more clothes to sell this fall, which is the high shopping season. In the future, she wants to expand her business more, increase her working capital, and finish her housing work.
Previous Loan DetailsBatsaikhan is 42 years old and lives with her husband and daughter in Ulaanbaatar, the capital city of Mongolia. Her family lives in a ger, a traditional Mongolian felt tent, in the outer districts of the city. Her daughter attends college. Batsaikhan supports her family by operating a clothi... More from Batsaikhan's previous loan »
About TranscapitalTranscapital 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid