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Davaatseren is 35 years old married guy and lives with his wife, two sons and one daughter in outer district of Ulaanbaatar city, Mongolia. His elder two children attend secondary school, but now their summer vacation time so they baby sit their younger brother who is 4.

Davaatseren owns a small yards, and on this yard he grasses a field. Mongolian summer time is very sunny and very comfortable for grassing field and also he is experienced for it about few years. When he picked vegetables he sells it during the winter season, it’s the very beneficial. But the very big problem this kind of business is keeping condition.

I mentioned that summer in Mongolia is very sunny and also plus very sultriness hot weather. Thus vegetables may soon-rotting, so Davaatseren needs vegetable storage pit on his yard. With helping this loan he will purchase necessary building materials to build vegetable storage pit.

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
  • 1,327.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,950 helped Davaatseren to build vegetable storage pit on his small yard.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 19, 2012
Jul 7, 2012
Currency Exchange Loss:
Nov 2, 2013