Update on NayanjinNayanjin is a 30-year-old hardworking young woman who is married and has a three-year-old son who attends kindergarten. The family lives in a ger, a traditional Mongolian felt tent, in a suburb of Ulaanbaatar city, Mongolia.
Since 2005, she and her spouse have been operating a plastic barrel and water container selling business at the second largest outdoor market in Mongolia. They have two stalls, one operated by her, other operated by her husband. They purchase products from other wholesale suppliers and during summer time from Ereen, a border city between Mongolia and China.
Over the past few years, Nayanjin and her spouse have expanded their business and with their business profit they bought a new yard and the ger. Nayanjin is requesting a loan of 1,500,000 MNT /Mongolian Tugriks/ to purchase more products to sell for fall and winter. She is planning to build a new house on her own yard next year.
Previous Loan DetailsNayanjin, a 30-year-old hardworking young woman, is married and has a three-year-old son who attends kindergarten. The family lives in a ger (traditional Mongolian felt tent) in a suburb of Ulaanbaatar, the capital city of Mongolia. She and her husband operate a business selling plastic barrels ... More from Nayanjin'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