Recently, Baatartsogt has been working on the extension of his small house by himself. He has already built the new wall which is made up of bricks and block-stones. The home extension also involves the roof construction. Therefore, to finish his housing project, he is requesting a 2,000,000 MNT loan to buy essential materials for the construction, roof covering and interior structure as well.
He wants his children to enjoy living in the house and to be able to support them as far as he can to make them highly-educated people.
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