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Altanbagana
Altanbagana is a 33-year-old man who lives with his two children and wife in an outer ger district without basic infrastructure in the city of Ulaanbaatar, Mongolia. He works for a local company while his children attend secondary school and kindergarten. His wife stays at home to look after their children.
Last year, Altanbagana bought a new plot of land for 1,500,000 Mongolian Tugriks (MNT). He is planning to build a new house on this plot next spring, so he is requesting a loan of 1,000,000 MNT to purchase construction materials.
Altanbagana is a trusted client of Kiva partner Transcapital Company Ltd.

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
  • 1,317.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Altanbagana to purchase construction materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012