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Battur

Update on Battur

Borrower Battur is a 31-year-old married man who has three children and lives with his family in the outer ger district of Ulaanbaatar City, Mongolia. He works as a driver in a local non-governmental organization as well as operating a small work and clothing shop with help from his wife.

Besides their business, his wife sews a traditional deel /national dress/ and they really enjoy their business and their work. He bought a sewing machine with a previous loan. Now he is requesting a 2,500,000 loan to purchase more clothes and accessories for upcoming graduation season.

Previous Loan Details

Borrower Battur is a 30-year-old married guy, who has three children and lives with his family in the outer ger district of Ulaanbaatar City, Mongolia. He works as a driver in local non-governmental organization as well as operating a small workshop with help from his wife. The smocks that he ... More from Battur'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

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,415.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,775 helped Battur to purchase products to sell for upcomig graduation season.
89% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2013
Listed
May 3, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 4, 2014