Update on SarantuyaSarantuya is a 40-year-old, who lives with her family in the outer district of Ulaanbaatar city, Mongolia. She supports her family by operating a felt souvenir business. She usually makes felt bags, saucers and sandals. Foreigners who are travelling in Mongolia are her customers.
Sarantuya distributes her goods to local indoor and outdoor markets, stalls, whole suppliers and souvenir shops. Summer is the very high shopping season for her business because a lot of tourists come here to travel and they do shopping through souvenir shops. Thus she is requesting a 4,000,000 Mongolian Tugriks (MNT) loan to purchase felts to make her goods for sale. In addition, she is a very trusted client of our institution and this is her second Kiva loan. She really appreciates Kiva loans.
Previous Loan DetailsSarantuya is a 39 year old and lives with her family in the outer ger district of Ulaanbaatar city, Mongolia. She supports her family by operating a felt souvenir business. She usually makes felt bags, saucers and sandals. Foreigners who are travelling in Mongolia are customers of her. Saraa di... More from Sarantuya's previous loan »
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.
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.
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Success!! The loan was 100% repaid