Update on BayarsaikhanBayarsaikhan, age 41, lives with her family in Ulaanbaatar, the capital of Mongolia. She operates a clothing retail stall at a local market and has made great progress in one and a half years of operation. Bayarsaikhan has fifteen years of experience in the clothing retail business as she used to operate a retail stall at Narantuul, the largest outdoor market in Mongolia, until 2007. Bayarsaikhan started her current business after working in Korea for three years. She usually sells clothes imported from Beijing or Ereen, a border city in China.
Bayarsaikhan has three children: her 22-year-old son works as a machinist at a local company and her 13- and 18-year-old children attend local schools. Her husband operates a small business in town. Bayarsaikhan is requesting a 1,500,000 MNT loan to purchase more clothes for the upcoming season.
Bayarsaikhan is a responsible and very neat person who is intent on improving her family’s living standards and helping her children to become highly educated people in the future. She is also a trusted client of Transcapital Co Ltd.,
Previous Loan DetailsBayarsaikhan, age 41, lives with her family in Ulaanbaatar, the capital of Mongolia. She operates a clothing retail stall at a local market and has made great progress in one year and half. She has fifteen years of experience in the clothing retail business as she used to operate a retail stall... More from Bayarsaikhan'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