Update on BatkhuuBatkhuu is a 43-year-old widow who lives with her son and daughter, ages 23 and 24, in Ulaanbaatar, the capital city of Mongolia. They live in a small house in the outer 'ger' district (a district without basic infrastructure). Batkhuu’s son is a web designer and her daughter works as a teacher at a local public school.
Batkhuu supports her family by operating a retail clothing stall at the largest outdoor market in Mongolia. When she first began her business in 2003, Batkhuu had 800,000 MNT in working capital. Today, her business has grown and she has about 4,000,000 MNT in working capital. Batkhuu sells jeans and trousers. “I want to grow my business more with this loan and I would like to be able to buy my own apartment in the future and live there with my family,” she says.
Because it is the beginning of the high shopping season, Batkhuu is requesting a loan of 3,000,000 MNT to increase the variety of jeans and trousers she sells.
Previous Loan DetailsBatkhuu is 42-year-old widow who lives with her son and daughter, ages 23 and 24, in Ulaanbaatar, the capital city of Mongolia. They live in a small house in the outer ger (traditional Mongolian tent) district. Batkhuu’s son is a web designer and her daughter works as a teacher at a local public ... More from Batkhuu'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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