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Munkhtuya
Munkhtuya is a 34-year-old married entrepreneur who lives with her son and spouse in an outer ger district without basic infrastructure in Ulaanbaatar, Mongolia. She supports her family by operating her own car oil sales business at the local largest outdoor technical market. Sometimes her husband helps her operate the business and their son attends secondary school.

Munkhtuya's son is a five-point pupil and his parents desire to make better living conditions for the family. Munkhtuya’s old house was very small and not cozy for the family, so they built a new house which isn’t yet finished. Since the temperature falls below -40C during the winter in Ulaanbaatar, Munkhtuya wants to make her new house warm and cozy.

Munkhtuya is requesting a 3.000.000 MNT loan to purchase the necessary recovery materials, such as bricks and cement, for her new house.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,350 helped Munkhtuya to purchase necessary construction materials for her new house.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2011
Listed
Nov 22, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012