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Gunchin-Ish is 44 years old and lives with her husband and two daughters, aged 21 and 24, in Ulaanbaatar, the capital city of Mongolia. Her family lives in a small house, in the outer ger (traditional Mongolian felt tent) districts. She sells her handmade hats at Narantuul, the largest outdoor market in Mongolia. Gunchin-Ish sews her products with help of her daughters and she sells her handmade hats with help of her husband.

When they first began their business in 1997, the family made handmade hats at home and sold them at another person’s stall. Now they have about 3,000,000 Mongolian Tugriks (MNT) in working capital at their stall. Gunchin-Ish said “We usually try to make modern hats for our consumers.”

In order to increase their variety of handmade hats, Gunchin-Ish is requesting a loan of 2,000,000 MNT. In the future, she wants to expand her business with this loan and to be able to build their own hat factory.

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
  • 1,228.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,650 helped Gunchin-Ish to purchse more material of handmade hats.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 22, 2011
Apr 24, 2011
Currency Exchange Loss:
May 15, 2012