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Tsetsgee's Group
In this Group: Tsetsgee, Altantsetseg, Jargalsaikhan
Tsetsegee is a 44-year-old woman who lives with her younger son in the outer ger district, which lacks the basic infrastructure of Ulaanbaatar City, Mongolia. Her two elder sons are married, and she supports her family by operating a retail stall business in the indoor market.

Tsetsegee imports her products from another large outdoor market and also from China.

With this loan, she wants to purchase more goods and products to sell and to increase her working capital.

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Mongolia

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,428.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Tsetsgee's Group's $2,125 loan helped a member to increase her working capital.
93% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2013
Listed
May 7, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 4, 2014