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Gunjilmaa is 43 years old and lives with her husband and three children, aged from 7 to 21 in Ulaanbaatar, the capital city of Mongolia. Her family lives in a ger, a traditional Mongolian felt tent. Her son works as a driver at a local company, while both of her daughters attend public school.

She supports her family by operating a clothing retail stall at Narantuul, the largest outdoor market of Mongolia, with help from her husband.

She began her business in 2000. Her business has grown so that today she has 2,500,000 Mongollian Tugriks (MNT) in working capital. She sells clothes imported from Ereen, a border city of China, as well as her handmade coats in her stall.

She has been successfully expanding her business and was able to improve her living conditions. She said "I want to grow my business with this loan and I would like to be able to build my own house in the future." in order to increase her variety of products for spring, she is requesting a loan 1,500,000 MNT.

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

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,237.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Gunjilmaa to purchase more clothes for spring.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Feb 24, 2011
Mar 11, 2011
Currency Exchange Loss:
Sep 15, 2011