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Borrower Otgonbayar is a 41-year-old married woman who has one daughter. She lives with her family in an outer ger district of the city of Ulaanbaatar in Mongolia. She's been supporting her family for 8 years by selling door locks at the largest indoor market of Mongolia. Therefore, she is very experienced in this kind of business. Also, she is a very trusted and repeat client of Transcapital Company Ltd. In 2004, she requested her first loan. Now she is requesting a 3,000,000 Mongolian tugrik loan to purchase a variety of door locks, since weather for construction is starting.

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
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD
A loan of $2,300 helped Otgonbayar to purchase door locks to sell.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 16, 2012
Apr 22, 2012
Currency Exchange Loss:
May 22, 2012