Check out other loans that are currently fundraising!
Dulamdorj

Update on Dulamdorj

Dulamdorj is a 48-year-old woman who has three children, ages 14 to 25, and lives with her family in an outer ger district of Ulaanbaatar city, Mongolia, without basic infrastructure. Her two daughters attend a local high school, while her son and his spouse work as a machinist and a builder.

Since 1995, she has been operating a clothing sales business in the second largest outdoor market of Mongolia. She sells a wide range of clothes imported from Beijing and Ereen, a border city of China, where she travels once or twice in a month.

She is requesting a 1,000,000 MNT loan to purchase more clothes to sell for the upcoming season in order to increase her current working capital.

Previous Loan Details

Dulamdorj is a 47-year-old woman who has three children, age 13 to 24, and lives with her family in an outer ger district of Ulaanbaatar city, Mongolia, without basic infrastructure. Her two daughters attend local high school while her son and his spouse work as a machinist and a builder. Sin... More from Dulamdorj'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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,400.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $725 helped Dulamdorj to purchase clothes to sell.
99% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 23, 2012
Listed
Dec 7, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013