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Erkhembaatar
Erkhembaatar is 33 years old, has a son and daughter ages 4 to 10, lives in outer ger district, a district without basic infrastructure, of Ulaanbaatar city, Mongolia. His daughter and son attend kindergarten and secondary school while their mother works as a Chemistry teacher at her son’s school.

Erkhembaatar has worked as a musical technician at local stadium in 1999-2006. After that, he started to operate own musical instrument renting business. Now he has 15 million MNT /Mongolian Tugriks/ priced musical instruments and tools. His business advantage is in Mongolia, there are few entrepreneurs who operates this kind of business. Therefore Erkhembaatar’s business is very popular and he often participates in concert and rents his instruments.

As his business growing, he became owns a lot of instruments, so he doesn’t have any depository for instruments to keep these. So he decided to built own new depository for instruments and tools. He is requesting a 3.000.000 MNT loan to purchase necessary construction materials for his new depository for instruments. If he finish it, he will operate business successfully.

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
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,350 helped Erkhembaatar to purchase necessary construction materials for his new depository for instruments.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2011
Listed
Nov 6, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012