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Oyunsuvdiin Buleg Group
In this Group: Oyunsuvd, Ayurzana, Munkhsukh
Oyunsuvd is a-29-year-old lady who lives with her family in an outer ger district of Ulaanbaatar city, Mongolia. She started her felt manufacturing business in 2004. She makes felt sandals, felt souvenirs and other products which tourists traveling in Mongolia are interested in buying. In July, Mongolians have the great holiday Naadam, so during this holiday a lot of tourists come to Mongolia. Thus she needs to make more felt products.

Oyunsuvd is requesting a Kiva loan with Transcapital NBFI from Mongolia. This loan will be used to purchase raw materials in order to make more felt products and increase her income during the Naadam holiday.

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
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,328.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A portion of Oyunsuvdiin Buleg Group's $2,275 loan helped a member to purchase more felt to make more products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2012
Listed
Jul 10, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013