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Erdenetsogt
Erdenetsogt is a 47-year-old man who lives with his family in an outer ger (Mongolian yurt) district without basic infrastructure in Ulaanbaatar city, Mongolia. He has a son who attends university and a daughter who is a kindergarten teacher. His wife works at a pre-school while he works at a local non-governmental organization.

His daughter’s marriage will be held this winter, so he needs to do some renovation work in the house in which his family currently lives. He is planning to install a parquetry floor and redo the ceiling. He is requesting a 1,500,000 Mongolian Tugriks (MNT) loan to purchase essential construction materials.

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
  • 1,315.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Erdenetsogt to buy construction materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2011
Listed
Dec 2, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012