Update on BolorkhorlooBolorkhorloo is a 29-year-old, hard-working woman who lives with her husband and children in the outer 'ger' (Mongolian yurt) district of Ulaanbaatar, the capital city of Mongolia. Both of her children, ages 3 and 5, attend local kindergarten while her husband works as a tractor-trailer driver at a local company.
After working as a saleswoman for five years, Bolorkhorloo decided to start her own business in an indoor market called Tumen Plaza. She mostly sells women’s clothing imported from Beijing, China. As the market is located in a very busy shopping area, her business makes outstanding revenue.
Bolorkhorloo is requesting a 1,500,000 MNT (Mongolian Tugriks) loan to import more clothes for the upcoming season because the New Year holiday is a high shopping season. She is a responsible client of our institution who repaid her previous loans successfully and on time. Bolor is working hard to improve her family’s living standards so her children can enjoy a safe and good quality of life as they grow.
Previous Loan DetailsBolorkhorloo is a young hard-working woman who lives with her husband and children in the outer 'ger' (Mongolian yurt) district of Ulaanbaatar, the capital city of Mongolia. Both of her children, aged 3 and 5, attend local kindergarten while her husband works as a tractor-trailer driver at a loca... More from Bolorkhorloo'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