Update on JavzanpagmaJavzanpagma is a 35-year-old hardworking and very trusted repeat Kiva client. She lives with her family in a ger (a traditional Mongolian felt tent) in the suburbs of Ulaanbaatar, the capital city of Mongolia. Her husband is a driver in a private company, having worked for a public transportation company for nine years. Javzanpagma has a 6-year-old son who goes to kindergarten and a 15-year-old daughter in secondary school.
Javzanpagma started her business in 2004 by selling building materials at Tsaiz, Mongolia's biggest raw materials outdoor market, with a working capital of 2,000,000 MNT. In 2007, she bought a semiautomatic cutting machine for 3,000,000 MNT to produce firewood. Javzanpagma buys raw materials from the wood truck which comes from the countryside and sells the firewood. As a result of her hard work, she now has working capital of 7,500,000 MNT.
Autumn is the wedding season in Mongolia, thus Javzanpagma is requesting a loan of 1,500,000 MNT to buy more wood and to prepare for her younger brother's wedding.
Previous Loan DetailsJavzanpagma is a 34-year-old hardworking woman. She lives with her family in a ger (a traditional Mongolian felt tent) in the suburbs of Ulaanbaatar, the capital city of Mongolia. Her husband is a driver in a private company, having worked for a public transportation company for nine years.… More from Javzanpagma'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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