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Togsuren
Ms. Togsuren is a 38-year-old widow who lives with her two sons and father in an outer ger district of the city. She supports her family by operating a shoe-sewing business in a rented place. While she operates her business, her father babysits for her children. Her long-term aim is to own a small shoe-selling factory; therefore, she needs to improve her business. She is requesting a 1,700,000 MNT loan to purchase two kinds of sewing machines.

With these two machines, she can improve her business and make it successful.

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

  • $2,175
    Average annual income
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,396.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,225 helped Togsuren to purchase two kinds of sewing machines for her business.
85% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2013
Listed
Mar 19, 2013
Currency Exchange Loss:
Possible