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Batjargal
Batjargal is a 46-year-old widow and entrepreneur who lives with her five children in the outer ger district of Ulaanbaatar, the capital city of Monngolia, without basic infrastructure. Two of her children attend local high school and institute. The other three are working at the Wagner Asia company.

From 2005 to 2009 she worked as a chef. After that she supported her family by operating a cosmetics sales business at the local small indoor market. She has 1,800,000 Mongolian Tugriks (MNT) in working capital. She rents one small stall and sells a wide range of cosmetic products such as hair colors, shampoos, toothpastes, hair gels, toilet tissues, wet tissues, face creams, etc.

After the Christmas and New Year holidays, her business needs money to purchase more products in order to increase working capital. Thus, she is requesting a 1,000,000 MNT loan to purchase cosmetic products to sell in her stall.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,375.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Batjargal to buy more cosmetic products to sell in her stall.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 2, 2012
Listed
Jan 4, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012