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Tuya is 48 years old, widowed and has one child who attends school. The family lives in Mongolia's capital, Ulaanbaatar, in a small house. Tuya helps support her family by operating a clothing retail stall at Kharkhorin market, one of the largest outdoor markets in Mongolia. When she first began her business in 1998, she had 500,000 Mongolian Tugriks (MNT) in working capital but she has since expanded it to 1,800,000 MNT in working capital. She purchases her products from Ereen, a border city in China. For the past 13 years, she has been able to gradually improve her living conditions. She built her own small house in her yard with her business earnings. Tuva is requesting a loan of 1,000,000 MNT to buy more clothes to sell to her customers before “Mothers and children holiday.” Her main goals are to expand her business and to improve her daughter’s education.

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
  • 1,224.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Tuya to purchase clothes to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 19, 2011
May 23, 2011
Currency Exchange Loss:
Jun 15, 2012