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Baylagsuren, 38, lives with his family in a suburb of Ulaanbaatar, the capital city of Mongolia. He has two kids who attend kindergarten and an elder son in secondary school. He owned & operated a bus, as a means for public transportation, from 2004 to 2008.

Since 2008, Baylagsuren has been transporting goods by a truck with towing capacity of 65 ton. He transports goods in the country as well as from Ereen, a border city of China. He is busy all the time, driving from one location to another since he gained costumers who constantly trade goods from Ereen and other places.

Baylagsuren is requesting a loan of 2,500,000 MNT (Mongolian Tugriks) to purchase new tires for his truck. He is a responsible and trustworthy, and dreams to establish his own public transportation company.

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
  • 1,235.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,025 helped Baylagsuren to purchase new tires for his truck.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 9, 2011
Mar 14, 2011
Currency Exchange Loss:
Nov 15, 2011