Update on ShirzanaShirzana, 38, lives with her husband and four children in Darkhan, the second largest city in Mongolia. The family came to Darkhan city in 2001 from Selenge province, located in the northern part of Mongolia. In Darkhan, she and her husband found jobs quickly and purchased an apartment, and also owned their part of the land from the state.
Shirzana has been working as a nurse at hospital since 1998, and has accumulated a vast amount of experience in the nursing field. Her husband has been rendering taxi service to local people within Darkhan city since 2001, using his own automobile. Their elder daughter and son both go to high school and a younger son and six-month-old baby stay at home.
Shirzana is requesting a loan of 2,000,000 MNT to purchase planks for building fences around her land. By building fences, it signifies the land has its own landowner to outsiders and also protects vegetables and grass from domestic animals. Shirzana is a very hardworking individual who wants to build her summer house on her land in the future.
Previous Loan DetailsShirzana, age 37, is a nurse. She lives with her husband and three children in Darkhan, the second-largest city in Mongolia. She has been working as a nurse for 14 years nonstop. Her husband, Sukhbaatar, age 39, transports passengers in his minivan. Shirzana says her husband’s income is currently... More from Shirzana'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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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