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Baatartsogt
Baatartsogt, age 38, lives with his family in the outer district of Ulaanbaatar, the capital city of Mongolia. He works as a machinist at a local private company while he is also an experienced carpenter who manufactures different kinds of custom wood finished products at home. His wife stays at home while their 4-year-old daughter attends kindergarten and their oldest daughter goes to public secondary school. He earns profit from his full-time job at the company as well as from his private business.

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.

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

  • $2,175
    Average annual income
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,258.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Baatartsogt to buy necessary construction materials to finish his housing project.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 23, 2011
Listed
Jul 4, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012