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Jadamba
Jadamba is a 29-year-old single man who operates a grocery store in one of the outer districts of Ulaanbaatar, the capital city of Mongolia. He lives with his father and younger brother in a small house but decided this summer to run the business on his own property, which he had previously rented out.



Jadamba has also been running a taxi business for over six years with the car he bought based on a leasing contract. His brother, Ganjuur, makes his living from his own taxi business as well. Their mother passed away when they were little; because Jadamba was the oldest son, he had to work hard to get his family ahead.



Jadamba is now requesting a 2,500,000 MNT (Mongolian Tugriks) loan to purchase a wide range of merchandise to sell in his grocery store. He wishes to provide a good quality of life to his brother and father as well as start his own life.

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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,215.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,075 helped Jadamba to purchase products to sell in his food store.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 3, 2011
Listed
Aug 11, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011