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Bayarjargal is a 41-year-old married man who lives with his two daughters, son, and wife in an outer ger district that lacks the basic infrastructure of Ulaanbaatar city, Mongolia. He is a teacher at a driving school.

He is requesting a 2,500,000 MNT loan to purchase a car, which he plans to use for a transportation business in addition to his current job. His long term dream is to create a comfortable life for his family.

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
  • 1,387.7
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Bayarjargal to operate a transportation business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 28, 2012
Jan 10, 2013
Currency Exchange Loss:
Jan 3, 2014