Update on PurevsurenPurevsuren, 64 years old, lives with her husband, her daughter and her niece in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on plot of land.
She and her husband have retired from work, but since 1994, she has been working as an outdoor photographer to generate income for her family. Her daughter also began her outdoor photography service in 1999 and recently purchased a rental office to operate her photography business, which requires several kinds of equipment.
Also as winter comes to Mongolia, the demand for coal is increasing due to it being an important heat source.
So she is requesting a loan of 1,200,000 MNT to purchase a printer, a laminator and coal. As a result of the loan, the family can generate more income and can live in a comfortable place. Lastly, the borrower is a very hardworking and trustworthy individual who wants to purchase a plot of land and build a house for her daughter in near time.
Previous Loan DetailsPurevsuren is 63 years old and lives with her husband and two children in their own house in a suburb of Ulaanbaatar, the capital city of Mongolia. Purevsuren is a photographer, and she works in Sukhbaatar Square, the central square of the capital, Ulaanbaatar. Lots of people who come from a... More from Purevsuren's previous loan »
About Credit MongolCredit 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.
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Success!! The loan was 100% repaid