Tsengelmaa works as an accountant at a local small company. Besides beig an accountant, she also operates a grocery store with her oldest sister. Her youngest sister is a student, while her father is retired. Tsengelmaa pays her youngest sister’s school fees.
Tsengelmaa and her family live in a small house and their house is old and uncomfortable. They want to become safe and comfortable in their home, so they will their house. Tsengelmaa is applying for a loan of 1,800,000 MNT to rehabilitate the roof, walls and windows of their house.
About TranscapitalTranscapital 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 Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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