Their sons, aged 10, 12, and 17, attend public schools while the youngest 2-year-old daughter stays home with her grandmother.
Batkhurel has decided to extend his small house by two square meters. With the intention of making his house bigger, he is requesting a 2,700,000 MNT (Mongolian Tugriks) loan to buy the necessary construction materials to finish the housing project.
Batkhurel wants to live with his family in a comfortable and safe house, where his children can enjoy better living conditions.
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