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Mr. Tserendorj is 42 years old and a married man who lives with his family in an outer 'ger' district which lacks basic infrastructure of the city. Currently, he works as plumber at a local company and his children attend college and high school.

He is requesting a 3,600,000 MNT (Mongolian Tugriks) loan to buy a car to run a taxi business besides his current job, in order to increase his family income and live happily with his family.

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
  • 1
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,387.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,600 helped Tserendorj to buy a car to run a taxi business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 16, 2013
Feb 16, 2013
Currency Exchange Loss:
Feb 17, 2015