Tsatsa's Buleg Group
Tsatsral has been supporting her family by operating a clothing retail stall at Mongolia's largest outdoor market for six years, with the help of her spouse. She usually sells women's clothes, which she imports from Ereen, a border city between Mongolia and China. As she is a friendly person, she already has her own constant customers. Tsatsral wants to expand her business in order to increase her working capital.
So she is requesting a 1,800,000 MNT (Mongolian Tugriks) loan to purchase clothes from Ereen city to sell during this high shopping season. Her long-term goal is to improve her living conditions by renovating her current small ger.
She is a group leader and she has her hand up in the picture.
About TranscapitalTranscapital 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.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid