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Bat-Itgel is a 33-year-old married man who has two sons and lives with his family in the outer ger district of Ulaanbaatar, Mongolia. He is a merchandiser at a local company. His two sons attend kindergarten. His wife is a professional baker at fancy cake factory. When she took maternity leave, Bat-Itgel decided to operate their small fancy cake factory in addition to his present work.

Then Bat-Itgel rented a small factory room in order to bake fancy cakes. He is requesting a 2,500,000 MNT (Mongolian Tugriks) loan to purchase contemporary styled bags to conserve their cakes. His wife is really overjoyed for their 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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,390.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,800 helped Bat-Itgel to promote his fancy cake sale for his bakery business.
98% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 27, 2012
Jan 7, 2013
Currency Exchange Loss:
Aug 29, 2013