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Sergelenbold
Sergelenbold is a-34-year-old married man who has two children and lives with his family in an outer ger district that lacks the basic infrastructure of Ulaanbaatar city, Mongolia. He is an operator at local company.

The current small house in which his family lives is so old that it requires renovation, so he is requesting a loan of 1,600,000 Mongolian Tugriks (MNT) to purchase some necessary housing 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
  • 15
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,308.0
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $1,225 helped Sergelenbold to buy construction materials.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2012
Listed
May 4, 2012
Currency Exchange Loss:
Possible
Expired:
Jun 3, 2012