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Tseveen Group
In this Group: Tseveensuren, Erdenetsooj, Erdenechuluun
Tseveensuren is a 48-year-old married woman who lives with her 23-year-old son and her spouse in the outer ger (Mongolian housing tents) district of Ulaanbaatar city, Mongolia. Tseveensuren supports her family by operating a business selling felt products. She usually makes stitched felt rugs and sandals. Also, she made the biggest Mongolian stitched felt rug and is proud of herself.

During the summertime, there are so many tourists in Mongolia, and they are really overjoyed to buy traditional felt souvenirs and sandals. She wants to expand her business in order to increase her working capital during the tourist season in Mongolia. Thus, she is requesting a 1,000,000 Mongolian tugriks (MNT) loan to purchase more felt to make felt products. She is a group leader, and she has her hand up in the picture.

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Mongolia

  • $2,175
    Average annual income
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,335.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A portion of Tseveen Group's $2,250 loan helped a member to purchase more felt to make products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 6, 2012
Listed
Jul 8, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013