She has been working as a pastry-cook at a local food manufacturing company for over seven years. Her husband is one of the operations staff at Nomin Holding Co.,Ltd. They live in a traditional Mongolian yurt “ger” in the outer district of Ulaanbaatar, the capital city of Mongolia.
She is the mother of three adult children aged 24, 27 and 29. Her daughter, Uranjargal, stays with her parents and attends college, studying Business Financial Management. The youngest son is living and working in Korea while his brother lives separately with his family in Ulaanbaatar and runs a taxi business.
Mendkhuu is requesting a 3,500,000 MNT (Mongolian Tugriks) loan to invest in buying a small log house for her son. It is tough for her children living apart. As a mother, she is striving to make their lives better. She is very grateful to the institute and the lenders for giving her an opportunity to achieve her goal as well as to make a big change in her son's life.
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