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Munkhsaikhan is 32 years old and married. The entrepreneur lives with his spouse in a small apartment located in the local district of Ulaanbaatar city, Mongolia. Previously, he worked in Korea for four years. Today he operates a grocery store retail business with his wife Tsoomoo.

They own a grocery store, which needs some capital to increase its working capital, so Munkhsaikhan is requesting a 2,500,000 MNT (Mongolian Tugriks) loan to purchase a variety of products for their small store.

Munkhsaikhan is experienced in business and a very ambitious man who desires to expand his own business.

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
  • 1,317.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,900 helped Munkhsaikhan to purchase more products for his grocery store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Nov 22, 2011
Dec 1, 2011
Currency Exchange Loss:
Jun 15, 2012