Update on EnkhtsetsegEnkhtsetseg is a 47-year-old widow and lives with her two daughters, ages 22 and 25, in Ulaanbaatar, the capital city of Mongolia. Her family lives in a ger, a traditional Mongolian felt tent, in the outer ger districts of the city. Her youngest daughter is a student while her oldest daughter helps with her business.
Enkhtsetseg supports her family by operating a shoe retail stall at Narantuul, the largest outdoor market in Mongolia, with help from her elder daughter. When she first began her business in 2002, Enkhtsetseg was a contracted seller of a local shoe factory and she didn't have her own working capital. As a result of her hard work, today she has 4.5 million Mongolian Tugriks (MNT) in working capital at her stall. During the past 10 years, she has gained a lot of experience and she has been able to improve her living conditions. She is requesting a loan of 3,500,000 MNT to purchase shoes and gloves for spring.
Previous Loan DetailsEnkhtsetseg is 45 year old widow and lives with her two daughters, aged 21 and 24, in Ulaanbaatar, the capital city of Mongolia. Her family lives in a ger, a traditional Mongolian felt tent, in the outer ger districts of the city. Her youngest daughter is a student while her oldest daughter helps… More from Enkhtsetseg'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