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Tuyatsetseg

Update on Tuyatsetseg

Tuyatsetseg is 50 years old, married, and a mother of 6 children. She lives in a small house with her husband and 4 children in Ulaanbaatar city, capital of Mongolia. Her husband Adilaa works long hours as a taxi driver to support the family. Two elder daughters live separately. Her two sons 18 and 20 are both attending university. The younger two children go to secondary school near their home.

Tuyatsetseg has operated a retail butcher business in the biggest meat market in Ulaanbaatar city for 16 years. She has gained valuable experience in previous years, and has a loyal customer base. She is grateful to those responsible for making her dream come true of giving her children a good education and morals. In the past she has borrowed money from our organization seven times and paid her loan on established deadlines. She is a very reliable and hardworking individual. She is requesting a loan of 2,000,000 MNT to purchase a variety of meat to expand her business and increase her income.

Previous Loan Details

Tuyatsetseg is 48 years old, married, and mother of 6 children. She lives in a small house with her husband and 4 children in Ulaanbaatar city, capital of Mongolia. Her husband Adilaa works long hours as a taxi driver to support the family. Two elder daughters live separately. Her two sons 18 and... More from Tuyatsetseg's previous loan »

Additional Information

About Credit Mongol

Credit Mongol is the largest non-banking financial institution (NBFI) in Mongolia. Its mission is to contribute to the prosperity of Mongolians by providing high-quality, affordable and varied financial services to micro-entrepreneurs and small-to-medium-sized businesses. It prioritizes serving remote, rural populations that have typically lacked access to credit and other financial services. Uniquely, it offers solar panel loans to nomadic herders, most of whom live without electricity.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Tuyatsetseg to expand her business and to purchase more meat.
95% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 10, 2012
Listed
Dec 13, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014