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Enkhbat
Enkhbat is 45 years old. He is married and the father of two young men. His family lives in a small house in the suburbs of Ulaanbaatar, the capital city of Mongolia. His wife is a legal advisor at a private company while his oldest son is a section chef at a restaurant. The youngest son attends university. In most cases, the family relies on him.

Enkhbat has been operating his transportation business with his small lorry since 2007. He mostly transports goods by his lorry from a construction and building materials market, called Gurvaljin. He has lots of competitors at the market, yet he still has a large number of constant customers. Over the past few years, he managed to pay his sons’ tuition expenses with the profits.
He is requesting a loan of 1,500,000 MNT (Mongolian Tugriks) to purchase a new engine and other spare parts that need to be changed. He is working hard to support his oldest son to go to Japan to study.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,246.4
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Enkhbat to purchase an engine and other spare parts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 7, 2011
Listed
Mar 22, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011