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Enkhbaatar
Enkhbaatar is a 52-year-old retired paymaster, who lives with his spouse and daughter in the outer ger district of Ulaanbaatar city, Mongolia, which lacks basic infrastructure. His daughter is a teacher who specializes in psychology.

His current house was built 10 years ago. Now it needs renovation, because the house has become old and poor. Before the rainy season, he plans to re-cover the roof and then enlarge the storeroom (depot) and do some interior work, because when it’s raining outside, it drips from under the roof. It’s really hard to live in when it’s leaking.

Thus, Enkhbaatar is requesting a MNT 1,500,000 (Mongolian Tugrik) loan to purchase roofing materials, wood, wallpaper, and other necessary construction materials for his housing work.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,310.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Enkhbaatar to purchase construction materials in order to protect his house from rain.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2012
Listed
May 17, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013