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Odgerel
Odgerel is a 32-year-old single mother who lives with her daughter and mother in a small house in the outer ger (Mongolian yurt) districts of Ulaanbaatar, the capital city of Mongolia. Her mother stays at home while her daughter attends public secondary school.
Odgerel started a business in 2006, at Narantuul, the largest outdoor market of Mongolia, selling underwear and slippers, with 750,000 MNT (Mongolian Tugriks) of working capital. Since then, her business has expanded and her current working capital has increased to 1,080,000 MNT.

With her business earnings, Odgerel started building a new small house as the old house is damaged and close to collapse. She bought cement, sand and other necessary materials with 3,500,000 MNT. Odgerel is requesting a 2,000,000 MNT loan to buy more necessary building materials such as, windows, doors etc., to finish her housing project before the end of this summer. Ogderel is a high-motivated and responsible woman who wants to improve her family’s living standards.

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 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.

About Mongolia

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,260.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Odgerel to buy necessary materials to finish the the building of her house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2011
Listed
Jul 2, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012