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Munkhjargal
Munkhjargal works as a pastry chef at local food manufacturing company in Ulaanbaatar, the capital city of Mongolia. She is 42 years old and lives with her mother and elder sister, both of whom are retired. Munkhjargal graduated from the Polytechnic University in Russia where she specialized in tailoring. She also obtained a bachelors degree as a food technologist from the Institute of Commerce and Business in 2011.

Munkhjargal’s family lives in a small house which needs repair and reconstruction. She is requesting a 1,200,000 MNT loan to purchase necessary building materials to fix and renovate the interior structure of the building and install a new iron stove.

Munkhjargal is a punctual and hardworking woman who is a trusted client of our institute. By obtaining this loan, she will improve the condition of her house and create a place that her family can enjoy.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,259.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Munkhjargal to purchase building materials to renovate her home and install an iron stove.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2011
Listed
Aug 5, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012