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Baasanpurev
Baasanpurev is a 37-year-old father of two children. He is married to Enkhmunkh. They live in a ger, a traditional Mongolian felt tent, in Ulaanbaatar, the capital city of Mongolia. His wife works as an assistant teacher in the local kindergarten. Their son attends secondary school and their daughter will attend a primary school this autumn.

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.

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
  • 1,235.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Baasanpurev to buy necessary construction materials to finish his housing project.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 8, 2011
Listed
Sep 4, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012