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Otgontsetseg is a 43-year-old woman who lives with her family in Ulaanbaatar, Mongolia. She operates a small clothing sales business, and her spouse works as a manager at a local company. Her daughter and son attend high school and kindergarten. During the summer months, grandparents babysit her children, allowing her to work at her small business.

She graduated as a pharmacist from a local university. However, she started to operate her clothing business in 2008 to support her family. She rents a small stall at the largest indoor market in the city. Her long term goal is to have her own clothing store.

Otgontsetseg is requesting a 2,000,000 MNT (Mongolian Tugriks) loan to purchase more clothes for this fall and increase her product range and selection. She is a Transcapital repeat client and is thankful to all Kiva lenders.

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
  • 1,235.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Otgontsetseg to purchase more clothes for this fall and increase her product range and selection.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 18, 2011
Sep 4, 2011
Currency Exchange Loss:
Sep 15, 2012