Update on BayandelgerBayandelger is a 30-year-old married man who operates a clothing retail stall at a local indoor market in Ulaanbaatar, the capital city of Mongolia. Aside from his business at the market, he works as an excavator specialist at Hera Investment Co., Ltd., a company that supplies heavy machinery and equipment.
As Bayandelger is often called out of town, his wife runs their clothing business. They sell women’s clothing imported from Beijing, China.
Bayandelger is requesting a loan of 1,800,000 Mongolian Tugriks (MNT) to purchase more clothing for this spring. He is a trusted client of Transcapital Company, Ltd., this is his third time on Kva, and he always pays his loans successfully and on time. His goal is to own new apartment for his family.
Previous Loan DetailsBayandelger is a 29-year-old man who operates a clothing-retail stall at a local market in Ulaanbaatar, the capital city of Mongolia. Aside from his business at the market, he works as an excavator specialist at Hera Investment Co., Ltd, a company that supplies heavy machinery and equipment. As ... More from Bayandelger's previous loan »
About TranscapitalTranscapital 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.
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Success!! The loan was 100% repaid