Previously, his family was living in a traditional Mongolian felt tent. Now the family lives in a new small house, which they built. In Mongolia, the Winter is very cold, and he needs to install a heating system on his house. So he is requesting a 2,000,000 Mongolian Tugriks (MNT) loan to purchase support materials for setting up the heating system.
He is also a very trusted client of Transcapital Co Ltd.
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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