She obtained her Bachelors degree in Bank Accounting in 2006. Today, she works as an accountant at a local company while her spouse is employed by a local drilling company.
Her family lives in a small apartment in Ulaanbaatar and she has decided to renovate its interior structure. She is requesting a 3.500.000 MNT /Mongolian Tugriks/ loan to buy all the necessary renovation materials for the apartment.
Munkhtuya is a hard working woman who believes that the renovation of her apartment will improve her children’s living condition significantly.
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