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Saranchimeg
Saranchimeg is a 46-year-old married entrepreneur who lives with her family in a ger, a traditional Mongolian felt tent, in the outer ger district of Ulaanbaatar, Mongolia, which is an area without basic infrastructure. Her husband works at a court organization while their children attend local university and high school.

Saranchimeg has supported her family since 1999 by operating a children's clothing business and a grocery store. Currently, she sells clothes at the second largest outdoor market of Ulaanbaatar city. December is a very busy shopping month, so entrepreneurs need more products or working capital after December of each year.

Saranchimeg is requesting a 1,000,000 MNT loan to purchase more clothes to sell for the upcoming season in order to increase her working capital. She is a very trusted client of Transcapital Co Ltd.

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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,375.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Saranchimeg to purchase clothing to sell in the upcoming season.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2011
Listed
Jan 3, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012