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Update on Munkhzaya

Munkhzaya is a 39-year-old mother of two children. She lives in a ger, a Mongolian felt tent, in an outer district without basic infrastructure of Ulaanbaatar city, Mongolia. Her specialties are as a builder and chef, but for the past five years, she has supported her family by operating a used clothing business at the largest outdoor market of Mongolia.

When Munkhzaya first began her business, she had 500,000 MNT as working capital. Now, she has about 3,700,000 MNT. Most of her customers are from poor families. Munkhzaya's husband works at local company and her son and daughter attend secondary school and kindergarten.

Munkhzaya is requesting a 2,800,000 MNT loan to purchase more used clothes to sell and increase her working capital. In the future, she plans to build a new house on her current plot of land and improve her family's living condition.

Previous Loan Details

Munkhzaya is a 38-year-old woman who trained as a professional cook. She lives with her husband and two kids in a ‘ger’ (Mongolian traditional felt tent) in a suburb of Ulaanbaatar, the capital city of Mongolia. Her husband has a seasonal job, from April to October, at summer camp called Gachuurt... More from Munkhzaya's previous loan »

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.

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.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,360.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,075 helped Munkhzaya to purchase clothing to sell.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Feb 1, 2012
Feb 4, 2012
Currency Exchange Loss:
Dec 15, 2012