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This is Tumenbayar. She is 53 years old, a mother of three children and also a good wife. Her elder daughters work out of the city while she lives with her spouse and son who attends local high school.

She supports her family by writing and selling books. She wrote about 10 books before. Usually writes historical and fictional books for children. Most of her customers are kids who love to read books. Now she done her next book about a well-known historical Mongolian queen. The book is called “Golden Coin of Queen Durgunu.”

She needs to publish 326 books, which she will send to 326 schools in Mongolia. Thus, she is requesting a 2,000,000 Mongolian Tugriks (MNT) loan to publish 326 books.

“When sometimes I take too long to publish my books, children often ask from booksellers: when the next book will be ready to sell? Then booksellers ask me that question. In that moment I became really happy and get more energy from those words,” she said from the heart.

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
  • 1,310.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Tumenbayar to publish 326 books and send them to the 326 kindergartens in the area.
100% repaid
Repayment Term
2 months (Additional Information)
Repayment Schedule
At end of term
Jun 4, 2012
Jun 6, 2012
Currency Exchange Loss:
Jul 15, 2012