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Bolor-Erdene is the 42-year-old mother of three sons and one daughter. She lives with her family in a small house in the outer ger (Mongolian traditional tent) district of Ulaanbaatar City, Mongolia. This district is without basic infrastructure. Her elder son lives and works in Japan, and her daughter got married and went to live with her husband, so today Bolor-Erdene lives with her spouse and two sons, who attend local university and kindergarten, while their father is a contracted employee in Korea.

She supports her family by operating a business selling men's jackets in the largest outer market of Mongolia. She has been operating this business since 1994, so she is a very experienced entrepreneur. Also, she has 4.6 million Mongolian tugriks (MNT) in working capital. In the winter season, she specializes in selling handmade men’s coats.

Therefore, she is requesting a loan of 1,000,000 MNT to purchase raw materials from Ereen, a border city between Mongolia and China. She will use these materials to sew handmade coats.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,301.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Bolor-Erdene to purchase raw materials to sew handmade coats.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Oct 6, 2011
Nov 5, 2011
Currency Exchange Loss:
Mar 15, 2012