Update on UrandariUrandari is 28 years old, married, and has one daughter who attends school and a son who is only ten months old. They live in a small house in Mongolia’s capital, Ulaanbaatar. Her husband is a taxi driver. Urandari’s mother, who lives with them, is retired.
Urandari supported her family by operating a retail stall at the local accessories shop. Before, she sold clothes and accessories at a low price. Then she operated retail, in which all goods sold for 1.000 MNT. But now she rents a small grocery store from her sister. She is planning to expand her current business so that she can rehabilitate her own small house.
With this loan of 3,000,000 MNT, Urandari will purchase more products to sell. She wants to use this loan to help support her business.
Previous Loan DetailsUrandari is 27 years old, married, and has one child, who attends school. They live in a small house in Mongolia’s capital, Ulaanbaatar. Her husband is a taxi driver. Urandari’s mother, who lives with them, is retired. Urandari supports her family by operating a retail stall at the local acce... More from Urandari'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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