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Narantsetseg
Borrower Narantsetseg is a 47-year-old married woman who lives with her family in a small apartment. She has operated a food stall business for 16 years at a local indoor market. Her husband is an on-call plumbing manager, and his business is very popular during the spring, summer and autumn.

Now it’s the beginning of spring season; therefore, he needs some tools for operating his business besides his wife’s income. Their daughter studies at the local university, so the family needs study fees.

Thus, Narantsetseg is requesting a 2,000,000 Mongolian Tugriks (MNT) loan to purchase necessary plumbing tools for her spouse’s business.

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,345,375
    Funds lent in using Kiva
  • 1,310.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Narantsetseg to purchase plumbing tools for her husband.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2012
Listed
Apr 2, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013