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Javzanpagma is a 34-year-old hardworking woman. She lives with her family in a ger (a traditional Mongolian felt tent) in the suburbs of Ulaanbaatar, the capital city of Mongolia. Her husband is a driver in a private company, having worked for a public transportation company for nine years. Javzanpagma has a 4-year-old son who goes to kindergarten and a 14-year-old daughter in secondary school.

Javzanpagma started her business in 2004 by selling building materials at Tsaiz, Mongolia's biggest raw materials outdoor market, with a working capital of 2,000,000 MNT. In 2007, she bought a semi-automatic cutting machine for 3,000,000 MNT to produce firewood. Javzanpagma buys raw materials from the wood truck which comes from the countryside and sells the firewood. As a result of her hard work, she now has working capital of 6,500,000 MNT.

Javzanpagma is requesting a loan of 3,500,000 MNT to buy more wood this season as the price will be lower compared to summer. Therefore she can buy wood at a low price and produce firewood to sell at a higher price in the summer. Javzanpagma wants her children to get an excellent education and her purpose for the upcoming year is to build a new small house for her 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,247.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,825 helped Javzanpagma to purchase more wood.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Feb 25, 2011
Mar 1, 2011
Currency Exchange Loss:
Jan 15, 2012