Buyan-Nemekh’s small house needs some work to be done on the outside and inside as well. She is requesting a 1,500,000 loan to buy materials such as, cement, bricks, wallpaper, wallpaper paste, vacuum-insulated window and other necessary materials to finish her homebuilding and renovating work.
Recently, their family bought a 32 Inch LCD television and replaced their car with a better one, with the profits that Buyan-Nemekh’s husband made. Buyan-Nemekh and her husband want to improve their living standards so that their family can enjoy safe and comfortable living conditions.
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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Success!! The loan was 100% repaid