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.
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