Update on DulamjavA resident of Ulaanbaatar, Mongolia's capital, 43-year-old Dulamjav lives in a ger, a traditional Mongolian felt tent, with her husband and two daughters, who are 18 and 19 years old. Both of her daughters attend public school and university. Dulamjav’s husband works as an accountant with a local company.
Dulamjav supports her family by operating three retail stalls at the Narantuul, Mongolia's largest outdoor market, where she sells tools and implements. When she first began her business in 2000, she had 700,000 MNT in working capital and one stall, but she has since expanded and now has 5,000,000 MNT in working capital at her three stalls.
Dulamjav is requesting a loan of 2,500,000 MNT to buy more tools and implements to sell to her customers during the busy shopping season ahead. Her main goal for 2012 is to improve her business with this loan.
Previous Loan DetailsA resident of Ulaanbaatar, Mongolia's capital, 42-year-old Dulamjav lives in a ger, a traditional Mongolian felt tent, with her husband and two daughters, who are 17 and 18 years old. Both of her daughters attend public school. Dulamjav’s husband works as an accountant with a local company.
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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