Update on ZoljargalZoljargal is 27 years old and lives with her husband and daughter, who is 4 years old, in a ger (a Mongolian felt housing tent) that lacks access to the basic infrastructure available in Ulaanbaatar, Mongolia's capital.
In 2007, she graduated from the Mongolian State University of Education with a major in teaching Japanese. She supports her family by operating a grocery store located in her family's yard, and regularly gets help from her husband. They began their business in 2006, and today have 4,000,000 Mongolian tugriks (MNT) in working capital.
She is applying for a loan for 3,000,000 MNT to increase their capital and buy more products to sell during the summer holiday. In the future, Zoljargal wants to expand the store and enlarge their house.
Previous Loan DetailsZoljargal is 26 years old and lives with her husband and daughter, aged three, in Ulaanbaatar, the capital city of Mongolia. Together they live in a ger, a traditional Mongolian felt tent, in the outer ger housing districts of the city. In 2007, Zoljargal graduated from the Mongolian State… More from Zoljargal'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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