Update on JavzandulamBorrower Javzandulam is a 49-year-old hardworking woman who lives with her husband and two sons in the outer ger district. This area is without basic infrastructure and is on the outskirts of Ulaanbaatar city, Mongolia. Her eldest son works as a packman while her other son attends a local university and their father works as a security man.
She has supported her family by operating a small grocery store business since 2005. Currently she has 3 million Mongolian Tugriks (MNT) in working capital. Her small store is very popular in that location. During the Tsagaan Sar holiday she needs more products to sell. Therefore, Javzandulam is requesting a 4,000,000 MNT to purchase necessary products such as wood, coal etc.
Previous Loan DetailsBorrower Javzandulam is a 46 year old hardworking woman who lives with her husband and two sons in outer ger district, without basic infrastructure, of Ulaanbaatar city, Mongolia. Her eldest son works as a packman while her other son attends a local university and their father works as a securit... More from Javzandulam'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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