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Batmunkh, age 36, is from Ulaanbaatar, the capital city of Mongolia. He lives with his wife and two children in a small house in an outer ger district lacks basic infrastructure of Ulaanbaatar. His son is 2 years old and daughter is new born only two months. Batmunkh started his auto repair business in 2000 at own small yard which closest to his home. First few years he made only wheel repair and after few years he started to sell wheels which imports from Japan.

Nowadays mostly of drivers like complex service, they want to visit the repair service who serves a many kind services and etc. so Batmunkh is requesting a 3.000.000 MNT (Mongolian Tugriks) loan to purchase more wheels and other necessary implements in order to attracts more customers and increase his income. As his daughter is new born, he need more money.

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
  • 1,327.0
    Mongolia Tugriks (MNT) = $1 USD
A loan of $2,275 helped Batmunkh to purchase more wheels in order to attract more customer drivers.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jun 22, 2012
Jul 7, 2012
Currency Exchange Loss:
Aug 6, 2012