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Update on Javzanpagma

Javzanpagma, a 34-year-old hardworking woman, lives with her family in a ger (a traditional Mongolian felt tent) in a ger district which lacks basic infrastructure in Ulaanbaatar, the capital city of Mongolia. Her husband is a driver for a local gas company, having previously worked for a public transportation company for nine years.

Javzanpagma started her business in 2005 by selling building materials at Tsaiz, the largest outdoor wood market in Mongolia, with a working capital of 2,000,000 MNT. She buys raw materials from a wood truck which comes from the countryside, and as a result of her hard work, she now has working capital of 7,800,000 MNT.

Javzanpagma is requesting a loan of 1,500,000 MNT to buy more wood for the upcoming season. Her business is very popular during the summer time, so she wants to purchase more wood as a reserve. Javzanpagma wants her children to get an excellent education and her goal for the upcoming year is to build a new small house for her family. A repeat and trusted client, she is very thankful to all Kiva lenders for giving her an opportunity to improve her business.

Previous Loan Details

Javzanpagma is a 34-year-old hardworking woman. She lives with her family in a ger (a traditional Mongolian felt tent) in the suburbs of Ulaanbaatar, the capital city of Mongolia. Her husband is a driver in a private company, having worked for a public transportation company for nine years. Javza... More from Javzanpagma's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,320.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Javzanpagma to purchase wood for the upcoming season.
100% repaid
Repayment Term
4 months (Additional Information)
Repayment Schedule
Mar 9, 2012
Mar 12, 2012
Currency Exchange Loss:
Jun 15, 2012