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Luwsandagva is 33 years old and lives with his wife, son, and daughter in Ulaanbaatar, the capital city of Mongolia. His family lives in a ger, a traditional Mongolian felt tent, in his brother's yard. His son is 11 years old and goes to primary school, while his daughter attends kindergarten. His wife, Tugsjargal, works as a petrol server at a local petrol station. Luvsandagva worked as a woodworker at a local timber company from 2002 to 2003.

Luwsandagva supports his family by operating his carpentry business. When he began his business in 2005, he owned his business with his four friends. Their business has grown, and he has begun to operate his business apart from his friends in February, 2011. Now he has about 1 million Mongolian tukrigs (MNT) in wood working equipment and 600,000 MNT in materials. Luwsandagva is an honest person, and hardworking. He is requesting a 1,600,000 MNT loan. He will purchase more wood working equipment.

He wants to grow his business with this loan and eventually have a carpentry factory. His family wants to buy their own yard and a small house in 2011.

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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,444,050
    Funds lent in using Kiva
  • 1,250.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Luwsandagva to purchase more wood working equipment.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Feb 10, 2011
Feb 14, 2011
Currency Exchange Loss:
May 20, 2011