Check out some available loans that are similar to this one!
Munkhbayar
Munkhbayar is 43 years old and lives with his wife, daughter and son in Ulaanbaatar, the capital city of Mongolia. He supports his family by operating a transportation service using his truck. His family lives in a small house, in the outer 'ger' (tent) district of the city. His son attends college while his daughter attends secondary school. Both Munkhbayar and his wife worked for a Mongolian public transportation company from 1999 to 2010 as his wife was a driver and he was a repairman.

He started his transportation business using a truck called the Zil-130 which he bought on leasing contract from a bank in 2010. He repaid the leasing contract over 4 months. He transports coal during the wintertime and construction materials in the other seasons. His wife is unemployed therefore she wants to buy a new car to run a taxi business so that she can help her husband to support their family. With this loan of 3,000,000 Mongolian Tugriks (MNT), Munkhbayar will purchase a car for his wife to use as a taxi.

Their goal is to support their children’s education and to make better future investments into their children's lives.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,247.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Munkhbayar to purchase a car.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 21, 2011
Listed
Feb 23, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013