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Solongo
Solongo is a 35-year-old widow who lives with her son and mother in the outer ger district, which lacks basic infrastructure, of the city. She supports her family by operating a tailoring business, while her mother stays at home and looks after her 13-year-old son when Solongo is not at home.

When Solongo first began her business, she had only one sewing machine, but now she has three sewing machines and has hired one more tailor. Currently, she has so many subscriptions and she needs two types of sewing machines.

Solongo is requesting a 3,500,000 MNT (Mongolian Tugriks) loan to purchase two types of sewing machines in order to increase her business income.

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.

About Mongolia

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,525 helped Solongo to purchase two types of sewing machines.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 4, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2013