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Dagvasuren
Dagvasuren is a 46-year-old married man who lives with his wife and daughter in a ger, a traditional Mongolian felt tent, in the ger district of Ulaanbaatar city, Mongolia. This district lacks basic infrastructure.

He has been working as a minivan driver since 1992. As of 2010, he owns a minivan. Currently he operates his business with special help from his wife. They have one daughter and their daughter attends a local institute.

The family decided to build a new house in their yard. Dagvasuren is requesting 1,400,000 Mongolian Tugriks (MNT) to purchase some construction materials, which he will use for fundamental work for their 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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,310.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Dagvasuren to buy construction materials.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2012
Listed
Mar 30, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013