Update on DarkhantuyaMrs. Darkhantuya, 47-years-old, lives with her husband and son in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. She has been running a children's clothes sales business since 2011 and has accumulated a vast amount of experience in selling clothes. As each passing day, her sales volume was increasing, so she rented an additional stall at another trade center. Now she sells not only children's clothes, but also various types of female and male clothes. She is requesting a loan of 3,000,000 MNT to purchase various types of clothes from her suppliers. As a result, she can continue to run her business without worrying about inventory shortages. With her business profit, she wants to invest in her children's education such as tuition fees, and the cost of dorms and books. The borrower is a very hardworking individual who cares deeply for her family.
Previous Loan DetailsDarkhantuya, 45 sells childrens' clothes in the supermarket called “Tumen Plaza” which is located in Ulaanbaatar, the capital city of Mongolia. She lives with her husband and her son in the slum district of Ulaanbaatar. She has been running her business since last year and her daily sales vol... More from Darkhantuya's previous loan »
About Credit MongolCredit Mongol is the largest non-banking financial institution (NBFI) in Mongolia. Its mission is to contribute to the prosperity of Mongolians by providing high-quality, affordable and varied financial services to micro-entrepreneurs and small-to-medium-sized businesses. It prioritizes serving remote, rural populations that have typically lacked access to credit and other financial services. Uniquely, it offers solar panel loans to nomadic herders, most of whom live without electricity.
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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