Baasanpurev finished secondary school in 1992. Since 2008, he has been working as a seller in a local Korean market. He faces some risks in his work currently, such as thievery.
Baasanpurev is requesting a 1.700.000 MNT (Mongolian Tugriks) loan to purchase necessary construction materials to finish his housing project, which is 80% done. In order to complete the project, he needs to buy materials for the interior structure as well. He is a responsible and ambitious man who is willing to provide a good quality of life for his family. He is very thankful to the lenders who are giving him an opportunity to finish the housing project.
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