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Borrower J. Bayarsaikhan is a married 53-year-old man who lives with his family in the outer ger (tent) district of the city, which lacks basic infrastructure. He works as a plumber at a local military base.

Bayarsaikhan has one daughter who studies at a local institute of the city. He is requesting a 1,500,000 Tugrik (MNT) loan to pay his daughter's tuition fee for the 2013 school year.

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
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Bayarsaikhan to pay his daughter's tuition fee.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 5, 2012
Jan 4, 2013
Currency Exchange Loss:
May 17, 2013