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Tsermaa

Update on Tsermaa

Tsermaa is a 56-year-old woman who lives with her daughter and her infirm spouse in a small apartment. Her daughter is a high school pupil, and her husband became infirm a few years ago.

Aside from looking after her spouse, she supports her family by operating a pharmacy business downstairs from her apartment. She is a very hard-working and strong woman who vows to live her life only for her family.

“I have a few years' experience in the pharmacy business, and I really appreciate that my business has expanded since I started it. If I buy a cash register, I can save all incoming funds there, not in my wallet. It's more comfortable for me and safer for my micro business,” she said happily.

Tsermaa is requesting a 2,800,000 Mongolian Tugriks (MNT) to purchase more medicine to sell and increase working capital.

Previous Loan Details

Tsermaa is a 55-year-old woman who lives with her daughter and her infirm spouse in a small apartment. Her daughter is a high school pupil, and her husband became infirm a few years ago. Aside from looking after her spouse, she supports her family by operating a pharmacy business downstairs f... More from Tsermaa's previous loan »

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.

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.

About Mongolia

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,025 helped Tsermaa to increase her working capital and increase medicine variety.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 23, 2012
Listed
Nov 13, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013