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Borrower Dorjderem is a 31-year-old man who lives with his family in an outer ger district without basic infrastructure in Ulaanbaatar city, Mongolia. He has a son and daughter, aged 3 and 9, and an elder son who attends a local secondary school. Dorjderem’s spouse supports her family by running a taxi business.

Since 1998, when he graduated high school, he has been working in border troops general staff. Therefore, Dorjderem is very experienced with border troops. The family lives in a worn-out small ger, a traditional Mongolian felt tent, and it’s quite uncomfortable to live in with his family. Therefore, he decided to build a new small house on his own land plot, where fundamental work is already done. Today, he can’t finish his housing project because he doesn't have enough money to purchase essential construction materials.

So he is requesting a 3,500,000 MNT (Mongolian Tugriks) loan to purchase necessary construction materials, such as wood, paint, over proof, etc. He wants to finish the construction project before December, since winter temperatures in Mongolia finish off at minus 400 degrees. Thereupon, Dorjderem desires to make a better and cozy living condition for his family.

To run a taxi is very difficult for women and Dorjderem builds his house alone without any help from others. It proves that both Dorjderem and his wife are real hardworking people.

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

  • $5,900
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,301.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,700 helped Dorjderem to purchase necessary construction materials.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 26, 2011
Nov 5, 2011
Currency Exchange Loss:
Nov 15, 2012