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Borrower Batjargal is 55 years old and lives with his family in an outer 'ger' (Mongolian yurt) district. He works as a specialist at a local company while his elder son works as a technician. His younger son attends university and he needs his tuition fees. Batjargal's daughter operates a retail business.

So he is requesting a 3,500,000 MNT loan to pay his son's tuition fees and do construction work at his current house.

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
  • 1,380.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,550 helped Batjargal to pay his son's tuition fees and to do some construction work.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 22, 2012
Oct 26, 2012
Currency Exchange Loss:
Aug 29, 2013