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Sukhbaatar is 58 years old and lives with his wife, son and daughter in Ulaanbaatar, the capital city of Mongolia. His family lives in a small house in the outer ger districts of the city. His son works at a local trade center and his daughter attends public school. Sukhbaatar is a professional driver, having worked at a local auto company from 1975 to 1997.

Sukhbaatar has been supporting his family by operating a taxi business for the past thirteen years. In 1998, he started his business using an old Russian car called a Moskvich. During the past thirteen years, he has been able to gradually improve his living conditions and has gained a lot of experience. He is planning to sell his old car and purchase another secondhand car, due to safety regulations for transportation. He is requesting a 3,000,000 MNT loan to purchase the car. His goal is to improve his daughter’s education by paying her education costs.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,210.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Sukhbaatar to purchase a secondhand car.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 12, 2011
May 21, 2011
Currency Exchange Loss:
Jun 15, 2012