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Tsestegmaa

Update on Tsestegmaa

Mrs. Tsetsegmaa is a 46-year-old married woman who lives in Ulaanbaatar city with her family. She supports her family by operating a sewing business since 1994. When she first began her business, it was very hard, since the Mongolian market was very unsteady.

Year by year, she became more experienced in this kind of business and was able to attract more customers. Most of her customers are very satisfied with her work. She needs one more sewing machine in order to sew more items (clothes, jackets, trousers, etc) and is requesting a loan for 2,000,000 MNT (Mongolian Tugriks).

Previous Loan Details

Mrs. Tsetsegmaa is a 45-year-old married woman who lives in Ulaanbaatar city with her family. She supports her family by operating a sewing business since 1994. When she first began her business, it was very hard, since the Mongolian market was very unsteady. Year by year, she became more exp... More from Tsestegmaa'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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Tsestegmaa to buy a sewing machine.
94% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 2, 2014