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Gantuya
Borrower Gantuya is a 34-year-old married lady who lives with her husband in a ger, a traditional Mongolian felt tent. They live in the outer ger district, which lacks basic infrastructure, of Ulaanbaatar city, Mongolia.

Since 2003, she has been operating her current business at the largest outdoor market of Mongolia with special help from her spouse. They usually sell leather wallets, gloves, and other items, which they purchase once or twice a month in Ereen, a border city between Mongolia and China.

Gantuya has about 3.8 million MNT (Mongolian Tugriks) in working capital. In Mongolia it is now the beginning of spring season, so Gantuya needs more goods to sell. So she is requesting a 3,000,000 MNT loan to purchase more goods to sell at her small 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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,322.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,275 helped Gantuya to purchase a variety of goods to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2012
Listed
Mar 24, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013